Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Nigeria’s dilemma.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

APRIL 27, 2017

It brings an additional cause of concern for global energy security at a time of heightened geopolitical risks in some major producer countries, such as Venezuela, the IEA said. The key question for the future of the oil market is for how long can a surge in US shale supplies make up for the slow pace of growth elsewhere in the oil sector.

Oil 150

Oil 2016 Oil-Sands Global 150

Green Car Congress

JULY 30, 2019

OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. also rose in Brazil and Norway. Source: Eni World Oil Review 2019.

Saudi Arabia 170

Saudi Arabia Oil 2018 Global 170

Green Car Congress

NOVEMBER 2, 2020

Sentyurin also acknowledged the role of Turkmenistan as one of the founders of the Forum, the 20 member countries of which today represent 71% of proven gas reserves, 45% of its marketed production, 53% of pipeline, and 60% of LNG exports across the world. It is headquartered in Doha, Qatar.

Turkmenistan 170

Turkmenistan Equatorial Guinea United Arab Emirates Gas 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. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. This decision set crude prices on a downward path.

Russia 150

Russia Saudi Arabia Oil Market 150

Green Car Congress

DECEMBER 9, 2011

Rosneft, the leader of Russia’s petroleum industry and majority owned (75.6%) by the state, and PDVSA, Venezuela’s state-owned oil and gas company, have signed a tentative memorandum of understanding (MoU) to set up a joint venture to develop heavy crude oil reserves in Venezuela as part of the Carabobo-2 project.

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Venezuela Oil Commercial 2015 170

Green Car Congress

AUGUST 20, 2019

This can be used to power hydrogen-powered vehicles, which are already marketed in some countries, as well as to generate electricity. The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela.

Oil-Sands 375

Oil-Sands Oil Hydrogen Venezuela 375

Green Car Congress

JANUARY 1, 2010

Venezuela state-owned PDVSA and Italy-based Eni are finalizing a planned 60:40 joint venture to produce heavy crude oil in Junin Block 5 in the Orinoco Oil Belt in Venezuela in 2014. Venezuela contains billions of barrels in extra-heavy crude oil and bitumen deposits, most in the Orinoco Belt in central Venezuela.

Venezuela 186

Venezuela Oil Oil-Sands 2009 186

Green Car Congress

NOVEMBER 19, 2014

Ford Explorer is built in North America at Chicago Assembly Plant, as well as in Venezuela and now, Russia. It is sold in more than 100 markets across the globe. A higher compression ratio results in more efficient fuel combustion. Ford expects to export 56,000 Explorers from the United States this year alone.

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Fuel Economy 2016 Ford Economy 255

Green Car Congress

DECEMBER 11, 2013

The International Energy Agency’s (IEA’s) Oil Market Report (OMR) for December raised the estimate of global oil demand for 2013 by 130,000 barrels per day (130 kb/d) to 91.2 Renewed disruptions in Libya and smaller drops in Nigeria, Kuwait, the United Arab Emirates and Venezuela more than offset higher output in Iran, Iraq and Angola.

United Arab Emirates 220

United Arab Emirates 2014 Oil Supplies 220

Green Car Congress

FEBRUARY 25, 2016

It’s probably more concerned about regaining the market share it lost under sanctions than it is about low prices. In June, Iran will launch a new grade of heavy crude that will compete with Basra crude, and which the Iranians will surely seek to undercut in price in order to win Asian market share from Iraq and the Saudis.

Saudi Arabia 150

Saudi Arabia Oil Oil-Sands Iraq 150

Green Car Congress

NOVEMBER 28, 2012

Canada is the largest supplier of foreign oil to the United States, followed by Saudi Arabia, Mexico, and Venezuela. Almost 99% of Canadian oil exports are sent to the US market. The vast majority of Canada’s reserves and the expected future growth in Canada’s liquids production will derive from unconventional resources.

Canada 225

Canada Saudi Arabia Oil-Sands 2012 225

Green Car Congress

JUNE 22, 2010

GM South America includes GM’s existing sales and manufacturing operations in Brazil, Argentina, Colombia, Ecuador and Venezuela as well as sales activities in those countries and Bolivia, Chile, Paraguay, Peru and Uruguay. In the first five months of the year, GM sold 394,000 vehicles in South America and its market share was 20.2%.

South America 186

South America America GM Paraguay 186

Green Car Congress

JULY 21, 2009

In addition, GM Daewoo provides market and brand-specific vehicle kits for assembly at GM facilities in China, Thailand, India, Colombia and Venezuela. GM Daewoo now produces vehicles and kits to offer in more than 150 markets on six continents. In 2008, GM Daewoo sold in Korea and exported more than 1.9

2011 150

2011 GM South Korea Hybrid 150

Green Car Congress

AUGUST 12, 2015

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. million barrels of low sulfur diesel to the European and Asian markets. Saudis are now reducing their crude oil price hikes in Asia in order to save their market share.

Oil Prices 150

Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

AUGUST 9, 2013

The study also found that any absence of oil sands on the US Gulf Coast would most likely be replaced by imports of heavy crude oil from Venezuela, which has the same carbon footprint as oilsands crude. the decision on Keystone XL may ultimately boil down to a determination of oil market share between Canada and Venezuela.

Venezuela 275

Venezuela Oil-Sands Oil Canada 275

Green Car Congress

JULY 28, 2015

With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? How will Saudi Arabia Capture Market Share Downstream? Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. By offering almost 2.8

Saudi Arabia 150

Saudi Arabia Price Oil India 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. He said that it was unlikely that Prince Salman will back down now.

Saudi Arabia 150

Saudi Arabia Iran Store Oil 150

Green Car Congress

JULY 11, 2016

OPEC’s 300,000-barrel-per-day output rise in June, boosted by fragile recoveries in Libya and Nigeria, and the unrelenting rise in Iran and the increase in Saudi Arabia, sends a strong message over its unwavering market share strategy. The sharp increase in OPEC’s June production affirms a continuation of its market share strategy.

Saudi Arabia 150

Saudi Arabia 2008 Iran Nigeria 150

Green Car Congress

OCTOBER 6, 2015

Control over the transportation assets in this region together with vast gas reserves make Russia the key element of this new market.”. The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The emergence of the U.S.,

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

AUGUST 26, 2011

Market conditions, noted the EIS, not the operator of the pipeline, would determine the refining locations of the crude oil. This market demand, said the FEIS, is driven by the need of the refiners to replace declining feed stocks of heavy crude oil obtained from other foreign sources with crude oil from a more stable and reliable source.

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Oil-Sands Emissions Oil Oklahoma 253

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. Market” forces include many components. percentage points.

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150

Green Car Congress

JULY 10, 2015

Unconventional oil production received a boost recently especially in North and South America with the significant increases in production from oil sands in Canada, tight oil and oil shale in the US, and growth projections of extra heavy oil in Venezuela. … —Nduagu & Gates.

Oil-Sands 150

Oil-Sands Oil Energy Fuel 150

Green Car Congress

JUNE 23, 2011

Chevron is taking its technology learnings from Kern River and apply them to Duri and other major heavy oil fields globally, such as Wafra in the onshore Partitioned Neutral Zone (PNZ) between Kuwait and Saudi Arabia and in the Orinoco in Venezuela. incremental oil recovered; heavy oil carries a lower market price than lighter oils.

Chevron 244

Chevron Oil Oil-Sands Production 244

Green Cars News

JULY 21, 2009

The South Korean market has already shown its willingness to embrace green car technologies so it comes as no surprise that GM Daewoo Auto & Technology is considering producing a hybrid vehicle in the country in two years time. The company has five manufacturing facilities in Korea as well as an assembly facility in Vietnam.

GM 39

GM 2011 South Korea Hybrid 39

EV Info

SEPTEMBER 23, 2021

Wind farms stand idle for days on end, a fire interrupts a vital cable from France, a combination of post-Covid economic recovery and Russia tightening supply means the gas price has shot through the roof – and so the market price of both home heating and electricity is rocketing. And get rid of prices caps that are distorting the market.

Power 52

Power Powered Wind Coal 52

Green Car Congress

NOVEMBER 15, 2012

Although crudes derived from the Canadian oil sands are more carbon-intensive than the average oil refined in the United States, they are within the range of some other crude oils produced, imported, or refined in the United States, including crudes from Venezuela, Nigeria, Iraq, and California heavy oil production, according to the report.

Oil-Sands 388

Oil-Sands Oil Emissions United States 388

Green Car Congress

MARCH 30, 2016

According to Clipper Data market intelligence cited by the Financial Times , we’ve seen a 5 percent decline in U.S. crude oil is Venezuela. In early February, Venezuela’s state-run oil company PDVSA imported a 550,000-barrel cargo of West Texas Intermediate (WTI) through its U.S.-based Atlantic Trading & Marketing, the U.S.

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Oil Venezuela France Asia 150

Green Cars News

JULY 13, 2009

A new study has unveiled the health, wealth and environmental benefits of the mass-market adoption of electric cars, suggesting that electric cars could account for a staggering 64 per cent of all car sales in the US by 2030. million barrels per day, equivalent to the amount currently imported daily from the Persian Gulf region and Venezuela.

Electric Cars 42

Electric Cars Sale Cars Gasoline-Electric 42

Green Car Congress

NOVEMBER 20, 2016

But while everyone believes Saudi Arabia has some of the largest oil reserves in the world, perhaps rivaled only by Venezuela, there has been a lot of uncertainty and skepticism over exactly how much sits beneath the Saudi desert. As the FT notes, this figure will have massive ramifications for both Saudi Arabia and the global oil market.

Saudi Arabia 150

Saudi Arabia Oil Oil Prices Russia 150

Green Car Congress

JUNE 23, 2016

The collapse of the American rig count and subsequent decline in LTO output has indeed contributed mightily to rebalancing world oil markets. The latest bearish outlook from Goldman is remarkable considering the June 13 monthly world crude oil markets report from the International Energy Agency (IEA). OPEC is at or near peak output.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150

Cars That Think

JANUARY 29, 2022

Similar mismatches in supply and demand contributed to massive cascading blackouts in August 2003 in the northeastern United States and Canada, in July 2012 in India , and in March 2019 in Venezuela. When a packet of energy is requested, the coordinator responds based on grid or market conditions by either accepting or denying the request.

Power Grid 107

Power Grid Grid Power Powered 107

Green Car Congress

NOVEMBER 13, 2011

Alternative technologies, such as hybrid and electric vehicles that use oil more efficiently or not at all, continue to advance but they take time to penetrate markets. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. The passenger vehicle fleet doubles to almost 1.7

Oil 247

Oil Transportation Cheap Fleet 247

Green Car Congress

MAY 27, 2022

Glencore also admitted to bribery of officials in Brazil and Venezuela. In Venezuela, Glencore admitted to conspiring to secure improper business advantages by paying over $1.2 Between approximately 2007 and 2018, Glencore and its subsidiaries caused approximately $79.6

Los Angeles 199

Los Angeles Equatorial Guinea Price Nigeria 199

Green Car Congress

JULY 28, 2018

As the Fed tightens rates and pushes up the dollar, emerging market currencies suffer from sudden shocks, sometimes severe. As capital flees some of these emerging markets and flows into safe haven assets, such as the U.S. As capital flees some of these emerging markets and flows into safe haven assets, such as the U.S.

Oil Prices 170

Oil Prices Oil Price South Africa 170

Green Car Congress

JUNE 21, 2019

These low values underscore the potential impact of population ageing on the labor market and economic performance, as well as the fiscal pressures that many countries will face in the coming decades as they seek to build and maintain public systems of health care, pensions and social protection for older persons.

Asia 220

Asia Africa New Zealand 2019 220

Teslarati

MAY 25, 2022

Glencore said it will pay $700,706,965 to resolve bribery investigations and $485,638,885 to resolve market manipulation investigations by the Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC). In Venezuela, Glencore paid $1.2 And it did so with the approval, and even encouragement, of its top executives.”

GM 92

GM Brazil Switzerland Tesla 92