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Could Venezuela Gas-Price Rise From 5 Cents Sell Greener Cars?

Green Car Reports

If you have friends in Europe, you might have heard them complaining of gas prices topping $8 per gallon. Until you see what our counterparts in Venezuela are paying for gas--with the nation''s subsidies, drivers pay a nominal 5 cents per gallon.' It''s certainly enough to make you feel better about the average $3.60

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Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

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Saudis Expand Price War Downstream

Green Car Congress

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. In fact, at $5.60

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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

Simply put, the world has too much oil at the moment which has resulted in the reduction of price levels from approximately $100 to $50 a barrel, and OPEC (as well as US shale producers) has a major role to play in this supply glut. Venezuela’s Woes. Iran Nuclear Deal: A warning sign for OPEC? Nigeria’s dilemma.

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Opinion: The Saudi Oil Price War Is Backfiring

Green Car Congress

With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. The Saudis have already sparked an oil price war with the Asian refiners downstream by offering close to 2.8 Is Saudi Arabia losing the oil price war? “It

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Opinion: Who Will Be Left Standing At The End Of The Oil War?

Green Car Congress

Breakeven prices are hard to pin down, and harder yet because they fluctuate. OPEC governments downsize their budgets, cut social spending and put big projects on hold to lower the breakeven price. It’s probably more concerned about regaining the market share it lost under sanctions than it is about low prices.

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Gas Prices: You Could Pay $10 A Gallon. Or Just 6 Cents. Why?

Green Car Reports

But you may wish you were in Caracas, Venezuela, where enormous government subsidies cut the price to a ridiculous 6 cents per gallon. What did you pay for gasoline the last time you filled up? If you're in the U.S., probably about $2.70 per gallon. Yep, six pennies.

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