Green Car Congress

AUGUST 12, 2015

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. Even when we look at the refining sector, we see that the oil kingdom has been following a similar strategy of flooding the markets with refined fuel.

Oil Prices 150

Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

MAY 23, 2016

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels. OPEC is in a difficult situation.”.

Saudi Arabia 150

Saudi Arabia Iran Store Oil 150

Green Car Congress

JANUARY 13, 2012

million tons per year) has already been sold for 15 years under oil-linked price contracts, mostly directed to third-party consortiums of Taiwanese and Japanese buyers including INPEX. Total is active in most of the major LNG producing regions as well as main LNG markets and continues to develop LNG as a key component of its growth strategy.

Australia 210

Australia United Arab Emirates Yemen Angola 210

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. Prices rebounded to $60 for a few months, before falling once again below $50.

Saudi Arabia 150

Saudi Arabia Oil Iraq Iran 150