Green Car Congress
DECEMBER 31, 2011
Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d was crude oil. million bbl/d in 2009-2010. —US EIA.
Green Car Congress
AUGUST 12, 2015
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. 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. This could eventually result in refiners cutting their crude oil imports.
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. The Saudis obviously miscalculated the degree to which their shift would negatively impact oil prices.
Plugs and Cars
NOVEMBER 6, 2007
Attack on pipeline in Yemen. Domestic oil inventory to fall. Oil platforms evacuated. Severe weather shuts Mexican ports, disrupts oil supply to US. Tags: petroleum oil price per barrel. As the price per barrel goes beyond $97, one story in the NY Times reports : •Bombing in Afghanistan kills 64. Dollar weak.
Green Car Congress
JANUARY 13, 2012
Ichthys will develop approximately 3 billion barrels oil equivalent of reserves, including around 500 million barrels of condensate. 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.
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.”.
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