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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

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? Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC. Nigeria’s dilemma.

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Saudis Expand Price War Downstream

Green Car Congress

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. by Gaurav Agnihotri for Oilprice.com.

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Mad Power thoughts

EV Info

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. Gas is the only answer. Climate Change.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Natural gas also plays a growing role in the transport sector, its share rising from 3% to 4%. The use of natural gas grows most in road transport, where its share rises from 1% to 3%. World transportation oil demand by mode in the New Policies Scenario.

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