Green Car Congress

APRIL 10, 2015

With the huge reduction in its revenues and growing discomfort among its members such as Venezuela, Libya and Nigeria over its current production levels, is OPEC really getting weaker? Nigeria’s dilemma. Nigeria is Africa''s largest oil producer and among the top 5 global exporters of LNG. Iraq’s Issues.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

FEBRUARY 25, 2016

For Nigeria, Libya and Iraq, the breakeven point is the point at which they can fund the fight against Boko Haram, a civil war and the Islamic State, respectively. And that’s with per barrel production costs of around $31/$32 in Nigeria, $23/$24 in Libya, and $10/$11 in Iraq. Right now, they can’t.

Saudi Arabia 150

Saudi Arabia Oil Oil-Sands Iraq 150

Green Car Congress

DECEMBER 23, 2016

On top of that, disrupted output from Libya and Nigeria—two countries not subjected to the OPEC cuts—could begin to come back. An oil tanker docked at Libya’s largest oil export terminal, Es Sider, this week, was the first tanker to load up Libyan oil from that terminal in more than two years.

Oil Prices 150

Oil Prices Libya Oil Nigeria 150

Green Car Congress

JANUARY 13, 2017

Meanwhile, Libya is seeing rapid gains in oil exports after the reopening of a key export terminal, with output jumping to 700,000 bpd, according to the latest data, up sharply from the 580,000 it produced in November and the 300,000 bpd it exported before it started restoring output last summer. mb/d, because of some of these issues.

Oil Prices 150

Oil Prices Oil Price Saudi Arabia 150

Green Car Congress

JUNE 23, 2016

Besides massive futures trading, the other factors affecting WTI include the value of the US dollar (it rises and WTI falls), OPEC production, world oil demand, North American and US storage, Iranian crude embargoes, and periodic and unplanned supply disruptions from everywhere from Libya to Nigeria to Fort McMurray.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150

Green Car Congress

JUNE 20, 2012

A fourth volume examining energy security in Nigeria and other nations in the Gulf of Guinea is scheduled for later publication. Notable examples of nations where security shortfalls are significantly impeding investment and production are Nigeria; Iraq; Sudan; and, most recently, Libya. Additionally, U.S.

Price 225

Price Oil-Sands Turkey Fuel 225

Green Car Congress

AUGUST 25, 2015

As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. While the IEA projects surplus production will begin to recede in 2H 2016, they are suffering now (and in any case, it is a projection).

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150

Drive Electric

AUGUST 9, 2022

As a result, the struggle for oil resources remains a noticeable factor in many areas of political instability, tension and conflict in the world, notably Iraq, Syria, Nigeria, South Sudan, Libya, Venezuela and the South China Sea.

Environment 98

Environment Electric Vehicles New Zealand Vehicles 98

Green Car Congress

OCTOBER 6, 2015

Putin has aligned Russia with OPEC’s have-nots—the members lacking financial resources to withstand low crude prices for an extended period and that have objected to Saudi policies (Iran, Iraq, Angola, Nigeria, Libya, Algeria, Ecuador, and Venezuela)—against the haves (Saudi Arabia, Kuwait, the UAE, and Qatar).

Russia 150

Russia Saudi Arabia Iran Iraq 150

Drive Electric

AUGUST 9, 2022

As a result, the struggle for oil resources remains a noticeable factor in many areas of political instability, tension and conflict in the world, notably Iraq, Syria, Nigeria, South Sudan, Libya, Venezuela and the South China Sea.

Environment 52

Environment Electric Vehicles New Zealand Vehicles 52