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Terra Motors starting electric two-wheeler sales in Iran

Green Car Congress

Japan-based Terra Motors, a manufacturer of electric two and three-wheelers ( earlier post ), has started sales of the A4000i electric scooter—with new products to follow—in Tehran, Iran with Jahanro Industrial Co, exclusively for next five years. In Iran, the government has decided to reduce gasoline subsidies.

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Iran negotiations, OPEC meeting loom for oil markets

Green Car Congress

With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear program. We’re very keen to try to get to a deal, but not a deal at any price,” UK Foreign Secretary Philip Hammond said on November 17. As a result, Iran’s GDP fell by 5.8

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Saudi Arabia And Iran Reignite The Oil Price War

Green Car Congress

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. a barrel above the Dubai/Oman average , used for pricing oil to Asia.

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Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

Green Car Congress

Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests. Only four of the current major oil producing countries (more than 1 mbpd of production capacity) face a net reduction of their production capacity by 2020: Norway, the United Kingdom, Mexico, and Iran.

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The 5 Countries That Could Push Oil Prices Up

Green Car Congress

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. The danger to Iran is a return of U.S. by Nick Cunningham for Oilprice.com.

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Gas Prices Rising, But Not For The Reasons You May Think

Green Car Reports

Over the past week or so, we’ve seen the average price of gasoline hit $3.60 But while the Syrian uprising and political tensions between Iran and the West over its nuclear program are playing a small part in increasing the price you pay.

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What Does The Next OPEC Meeting Have In Store?

Green Car Congress

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. OPEC interactions have become a direct altercation between Saudi Arabia and Iran, with the remaining members reduced to mere observers. OPEC is in a difficult situation.”.