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

Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. WTI, the US light crude, covers 60% of global growth. The surplus in the Middle East is slightly up, due to the year-end increases of big producers (Saudi Arabia, Iraq and U.A.E.). recorded in 2013-2017.

article thumbnail

Saudis Expand Price War Downstream

Green Car Congress

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. 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.

article thumbnail

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. Saudi Policy: OPEC-centric or Self-Serving?

article thumbnail

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Green Car Congress

As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the now over-saturated market will reach an equilibrium with higher commodity prices by 2018 and U.S. shale production will continue to grow along with global demand.

article thumbnail

Hydrogen Opposed Piston Engine Working Group formed

Green Car Congress

A study of a 2017 Toyota Mirai fuel cell by Argonne National Laboratory found fuel cell stack efficiency below 50% and fuel cell system efficiency dropping below 40% at high loads. King Abdullah University of Science and Technology, Thuwal, Saudi Arabia. Mahle Powertrain, Plymouth, MI. Shell plc, London, England.

Hydrogen 353
article thumbnail

Extreme E – Team xite & myenergi

My Energi

Led by team manager Juli Mundet Caballero and piloted by drivers Oliver Bennett and Christine Giampaoli Zonca, the UK outfit will make its debut at the season-opening Desert X Prix, which takes place in Saudi Arabia between 2-4 April. Saudi Arabia location of race number 1.