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Saudi Arabia And Iran Reignite The Oil Price War

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The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. by Tsvetana Paraskova for Oilprice.com.

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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Annual methanol consumption in China, 2000-16. Similar to how ethanol is currently blended into motor gasoline in the United States, methanol is blended into gasoline in China. Smaller amounts of China’s methanol supply are imported from the Middle East, Southeast Asia, South America, and the United States.

2000 150
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Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

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savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. The United States remain one of the largest emitters of CO2, with 17.3 the United States (16%). tonnes per capita. the European Union (11%).

2011 236
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Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

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Particularly during the surge of what was called the “knowledge-based economy” from 1991 to 2000, global economic productivity increased without parallel increases in energy use. In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes.

2010 246
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EIA: Changes in refining economics in 2011 contributed to real contrasts in US refinery utilization

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The divergence of West Texas Intermediate (WTI) and Brent crude oil prices in 2011 affected refinery utilization in the United States, particularly in the East Coast (PADD 1) and Midwest (PADD 2) regions, according to a report from the US Energy Information Administration (EIA).

2011 199
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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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The largest source of growth in 2010 is the United States, followed by Brazil, Azerbaijan, and Kazakhstan. Offsetting this projected supply growth in 2010 are further declines in mature fields in Mexico, the United Kingdom, and Norway. The forecast has the annual average regular grade retail gasoline price increasing from $2.35

2008 186