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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

This situation might prove short-lived, however, as tougher sanctions on Russia come into full force, oil demand in China recovers from COVID-lockdowns, if sharper Libyan losses persist and the OPEC+ spare production capacity cushion erodes. In 2023, a resurgent China will boost non-OECD demand growth, offsetting a slowdown in the OECD.

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IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

Green Car Congress

Among buyers, mainland China was by far the largest specified end-market, with Chinese buyers signing around 25 MMtpa of firm long-term deals. Spot LNG prices have soared past previous records. Amid strong global demand, European LNG imports fell.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

The land-based oil distribution network is smaller, but also important. The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. naval power, the Chinese, for example, prefer pipeline natural gas supplies over seaborne LNG supplies.

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Saudis Expand Price War Downstream

Green Car Congress

With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. So, who will reap the benefits of the low prices?

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Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

car companies and battery makers as much as the Chinese government is going to help BYD. And if you doubt that they will learn, check out my cover story about BYD in the new issue of FORTUNE, headed to subscribers and newsstands this week. Much as I admire the Obama administration’s energy and environment team, there’s no way that the U.S.

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. Chinese car producer BYD even recorded a 337.25% increase in March sales amongst its fully electric and hybrid car models.

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