article thumbnail

The 5 Countries That Could Push Oil Prices Up

Green Car Congress

But Libya’s restoration of output coincided with a similar reduction in violence in the Niger Delta. Meanwhile, peace in the Niger Delta remains fragile, and reports that militants have grown frustrated with the pace of talks with the government raises concerns about a return to violence. mb/d last year, back up to 1.8 mb/d currently.

article thumbnail

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

Maintenance of the field is expected, resulting in a shut-down of production—something that has been confirmed by Sadad Al Husseini, former VP Aramco. Growing political instability in Libya, as the LNA is targeting control of the country, or the re-emergence of the Niger Delta insurgency, will put a cap on increases.

Oil 186
article thumbnail

Oil Prices Running Out Of Reasons To Rally

Green Car Congress

It’s a good time to do maintenance on oil fields during production cuts,” Al-Fezaia said, noting that Kuwait will lower output from 2.89 On top of that, Kuwait’s envoy to OPEC said that Qatar, Kuwait and Oman were also complying with the cuts. mb/d in December to 2.7 mb/d by the end of January. mb/d, because of some of these issues.

article thumbnail

This Lockheed Martin Researcher’s Work on UAVs Saves Lives

Cars That Think

Compared with other aircraft, the spinning drone is simpler to produce, requires less maintenance, and is less complex to control because its only control surface is the trailing-edge flap. As part of the job, in Oghara, Nigeria, then a small fishing village along the Niger River, he collected fares and directed passengers on and off the bus.

Nigeria 93