article thumbnail

Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

Green Car Congress

A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

article thumbnail

Saudis Expand Price War Downstream

Green Car Congress

In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. How will Saudi Arabia Capture Market Share Downstream? In case of Saudi Arabia, the price of crude oil would be extremely low.

article thumbnail

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Oil and the Transport Sector: Reconfirming the End of Cheap Oil. The largest increase in oil production comes from Iraq, followed by Saudi Arabia, Brazil, Kazakhstan and Canada. World transportation oil demand by mode in the New Policies Scenario. Click to enlarge. trillion in subsidies over the projection period.

Oil 247