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2016 Ford Explorer SUV replaces 2.0L EcoBoost with new 2.3L EcoBoost unit; more power and torque, same fuel economy expected

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The new 2016 Ford Explorer SUV is making its global debut today at Los Angeles Auto Show with a new available 2.3-liter EcoBoost four-cylinder it replaces, with no compromise in fuel economy anticipated. Ford Explorer is built in North America at Chicago Assembly Plant, as well as in Venezuela and now, Russia.

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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d by 2023 to 104.7

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Opinion: How Much Longer Can OPEC Hold Out?

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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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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 North America continues to be an impetus to global light vehicle demand levels. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. million, an increase of 2.4% North America. The year preliminarily closed with 5.34

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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

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The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. The passenger vehicle fleet doubles to almost 1.7 billion in 2035. —WEO 2011.

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Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

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In the end, 188 countries voted in favor of the motion, with Cuba, Bolivia, Sudan, and Venezuela voting against it. Developed countries would reach agreement with emerging economies such as Brazil, China, and India as to whether or not emerging economies should set emissions reduction targets.

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Are The Saudis About To Reveal The Best Kept Secret In Oil?

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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.