Update: The agenda has been revised
Since the previous edition of this Report, the price of Brent crude oil fell close to $70/bbl and is now flirting with $80/bbl. Two reasons for the swing are that Venezuela’s production decline continues, and we are approaching 4 November when US sanctions against Iran’s oil exports are implemented. In Venezuela, production fell in August to 1.24 mb/d and, if the recent rate of decline continues, it could be only 1 mb/d at the end of the year. Evidence provided by tanker tracking data suggests that Iran’s exports have already fallen significantly but we must wait to see if the 500 kb/d of reductions seen so far will grow. (See Iran supply tumbles as buyers take heed of US sanctions).
EUROCITIES, the European Public Health Alliance (EPHA), and Transport & Environment (T&E) are joining forces to organise the first ever European Summit on Diesel.
The emissions performance of vehicles is improving, but continuous monitoring is needed to follow the implementation of the new vehicle emissions legislation and compliance with it, according to a new JRC Science for Policy report.