Economy Oil Venezuela 
Green Car Congress
NOVEMBER 19, 2014
EcoBoost four-cylinder it replaces, with no compromise in fuel economy anticipated. liter EcoBoost employs an active oil control system to optimize pressure when less fluid is needed. Ford Explorer is built in North America at Chicago Assembly Plant, as well as in Venezuela and now, Russia. Click to enlarge.
Green Car Congress
MARCH 6, 2018
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 in 2017.
Green Car Congress
NOVEMBER 13, 2011
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge.
Green Car Congress
JULY 3, 2013
Rosneft’s President and Chairman of the Management Board Igor Sechin and Venezuelan Oil Minister and PDVSA President Rafael Ramirez, in the presence of the President Vladimir Putin, signed a cooperation agreement for implementation of offshore projects in Venezuela. Total reserves are estimated at 21 trillion cubic feet.
Green Car Congress
NOVEMBER 20, 2016
One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. Saudi Arabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer.
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.”
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. Venezuela, an OPEC member, has even proposed an emergency summit meeting. This apparent bravado notwithstanding, the two countries’ entry into the low-price Crudedome is ravaging their economies.
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