Green Car Congress

APRIL 10, 2015

OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. As per its state run oil company PDVSA, the country loses about $700 million a year with every $1 drop in the international oil price.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

NOVEMBER 15, 2014

In its latest annual World Energy Outlook , the International Energy Agency (IEA) warned that the current period of oil abundance may be fleeting, and in fact, without heroic levels of production increases, oil markets will grow dangerously tight in the coming years. And that should raise some alarm. million bpd by 2035.

Oil 257

Oil Iraq Oil-Sands Supplies 257

Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. billion vs. $1.6 billion to $3.5)

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150

Green Car Congress

OCTOBER 6, 2015

Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ). Russia supplied about 30 percent (146.6 percent of GDP in 2014. mmbbl/day) in 2013.

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

MARCH 23, 2017

It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. Having a smaller footprint globally would, in turn, mean that OPEC would wield less influence over the price of oil.

Iraq 150

Iraq Saudi Arabia Oil Oil Prices 150

Green Car Congress

MARCH 8, 2017

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year. But resurgent U.S.

Oil Prices 170

Oil Prices Saudi Arabia Oil Price 170

Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices.

Russia 150

Russia Saudi Arabia Oil Market 150

Green Car Congress

MAY 13, 2021

Since its formation in 1952, CCC has become one of the leading international contractors with a worldwide turnover of more than US$4 billion and managing 60,000 personnel composed of more than 80 nationalities. Until green hydrogen becomes price competitive, it cannot fulfil its promise. Many more will follow.

Fusion 170

Fusion Green Hydrogen Oman 170

Green Car Congress

JUNE 13, 2012

The report also highlighted supply disruptions as one of the major energy events of the year. The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world.

Coal 261

Coal Oil Renewable Saudi Arabia 261

Green Car Congress

JUNE 27, 2012

Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests. mbpd of crude oil and natural gas liquids per year by 2020, making it the second largest oil producer in the world, after Saudi Arabia, according to Maugeri. million barrels per day and conceivably produce a total of 11.6

Oil 261

Oil Oil-Sands Price Production 261

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. The collapse of oil prices, however, could kill off the megaproject. That is a feature that is hard to overemphasize in today’s oil pricing environment. Maintaining access to finance can come at a price. by Nick Cunningham of Oilprice.com.

Oil 150

Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

OCTOBER 31, 2014

The reasons for the cozier relationship between the two giant powers are, of course, rooted in the Ukraine crisis and subsequent Western sanctions against Russia, combined with China’s need to secure long-term energy supplies. Related: Should Europe Be Concerned About Russia’s Growing Energy Relationship with Asia? ).

Russia 225

Russia Oil Saudi Arabia China 225

Green Car Congress

NOVEMBER 12, 2012

The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). North America emerges as a net oil exporter, accelerating the switch in direction of international oil trade, with almost 90% of Middle Eastern oil exports being drawn to Asia by 2035.

Global 225

Global 2012 Energy Oil 225

Green Car Congress

JANUARY 19, 2011

Global consumption growth is also impacted by higher oil prices in recent years and a gradual reduction of subsidies in oil-importing countries. The largest increments of new supply will come from OPEC – conventional crude in Saudi Arabia and Iraq, as well as OPEC natural gas liquids (NGLs) which are not subject to OPEC quotas.

Energy 210

Energy Economy Global Oil-Sands 210

Green Car Congress

JUNE 23, 2016

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150

Teslarati

MAY 5, 2022

Lucid became public in July 2021 after a SPAC merger, and the price per share spiked to more than double its IPO price by mid-November. This became an issue for Lucid, as these parts were usually not easy to get because of global supply chain bottlenecks, which Rawlinson said were the biggest issue in the Air’s ramp up.

Saudi Arabia 98

Saudi Arabia Price Financing International 98

The Truth About Cars

SEPTEMBER 19, 2023

Fuel prices have been climbing this year and continue to do so. What isn’t dropping is oil prices and that seems to be making all the difference. What isn’t dropping is oil prices and that seems to be making all the difference. But the usual decline in pump prices is being stymied for now by these high oil costs.”

Price 98

Price Saudi Arabia Fuel Oil 98

Teslarati

MARCH 1, 2022

Lucid will aim for 12,000 to 14,000 units, citing supply chain constraints and “a continued focus on quality.” However, the shortages are not for crucial parts like semiconductors or batteries, which have been in short supply since the COVID-19 pandemic started in early 2020.

Saudi Arabia 86

Saudi Arabia Production International Supplies 86

Green Car Congress

JUNE 23, 2011

The showcase for Chevron’s efforts—and its international center for heavy oil technology—is the 110-year-old Kern River field in the San Joaquin Valley in California. incremental oil recovered; heavy oil carries a lower market price than lighter oils.

Chevron 244

Chevron Oil Oil-Sands Production 244

Green Car Congress

NOVEMBER 13, 2011

The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. But the average oil price remains high, approaching $120/barrel (in year-2010 dollars) in 2035.

Oil 247

Oil Transportation Cheap Fleet 247