Green Car Congress
SEPTEMBER 13, 2017
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.
Green Car Congress
JULY 31, 2023
Norway and Saudi Arabia followed closely. While developing new oil and gas projects is seen to be “incompatible” with the 1.5°C It has been reported that these countries are importing Russian oil on the cheap and re-exporting it to the EU as jet fuel and diesel on the global market. C carbon budget.
Green Car Reports
AUGUST 4, 2016
Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. In some cases, that means cutting back on cheap gas for their own citizens. DON'T MISS: Even Saudi Arabia vows to end its.
Green Car Congress
JULY 28, 2015
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. By offering almost 2.8
Green Car Congress
MAY 4, 2016
In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. Policymakers hope higher energy prices can produce a number of helpful effects, the authors said.
Green Car Congress
APRIL 10, 2015
Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC. Cheap oil has created a huge financial crisis for Venezuela as its economy is heavily dependent on oil exports and oil revenues constitute about 95% of its total foreign exchange earnings. Venezuela’s Woes.
Green Car Congress
MARCH 5, 2015
Hydraulic fracturing, or “fracking” technology has unlocked reserves of oil and natural gas previously thought of as unrecoverable. Any increase in price would be hastened by a decision from OPEC and Saudi Arabia in particular, to reduce production. There is no doubt that supply has increased. That is a good thing.
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