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Opinion: The Saudi Oil Price War Is Backfiring

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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. Is Saudi Arabia losing the oil price war? “It

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Pike forecasts Asia-Pacific to be largest PEV market, with more than 1.2M units by 2015; China to represent 53% of total sales

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Total PEV sales in Asia-Pacific. According to a new report from Pike Research, the various national-level initiatives and programs to promote the awareness of electric vehicles (EVs) in the Asia-Pacific region will help make the region the largest market worldwide for electrified vehicles, led by strong demand in China, Japan, and Korea.

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EIA: China processed record amounts of crude oil in 2021 but exported less gasoline and diesel

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According to China’s National Bureau of Statistics, China processed a record 14 million barrels per day (b/d) of crude oil in 2021, a 4.6% Crude oil processing in China was particularly high in the first half of 2021, in response to high demand both domestically and elsewhere in Asia. increase from 2020.

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Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

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million vehicles in 2015 to 3.9 between 2015 and 2025. Navigant expects Asia Pacific to remain the largest market, with more than 1.56 However, the collapse in global oil prices has eroded a significant portion of the natural gas cost advantage. million in 2025. million, accounting for 2.6% of all LDVs.

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Navigant forecasts global sales of light-duty stop-start vehicles to grow from 19M in 2015 to 59 million by 2024

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The same year, Navigant expects 82% of vehicles in Western Europe to have a stop-start feature, along with nearly 69% of vehicles sold in Asia Pacific. The other driver for SSV technology is consumer demand—present in Europe and some Asia Pacific countries for some time thanks to high fuel prices.

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Navigant forecasts global medium- and heavy-duty alt powertrain sales to exceed 820K units in 2026

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Whereas fuel cost used to be a major driver for fleet managers, the lowering of oil prices and the availability of low-cost natural gas has reduced this concern, Navigant notes. Medium- and heavy-trucks represent 4.3% of vehicles in the US, drive 9.3%

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Survey finds LNG-fueled ship orders up 26% in six months

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High oil prices, impending emissions regulations and technical advancements are propelling the market faster than we expected. A key factor is International Maritime Organization Tier III emissions standards, which are slated to take effect in 2015-2016. What surprised us is the rate.