Green Car Reports

APRIL 27, 2016

Oil-rich Saudi Arabia is now starting to contemplate a future in which gasoline and diesel now longer power the majority of the world's cars. Over the next decade and a half, it hopes to transition its economy away from oil, largely by investing today's oil revenues in other industries.

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Saudi Arabia Oil Gasoline Economy 60

Baua Electric

MARCH 8, 2024

Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from the shift to electric vehicles (EVs), three sources told Reuters.

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Saudi Arabia Oil United Arab Emirates Auto 52

Green Car Congress

DECEMBER 5, 2018

To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. million barrels daily, including from Russia, to reverse the free fall of oil prices. Saudi Arabia is not an exception. Kemp agrees.

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Saudi Arabia Oil Prices Russia Oil 255

Green Car Congress

OCTOBER 23, 2020

There is evidence that fossil fuel subsidies are socially inequitable, that they encourage smuggling and waste, and distort economies in ways that undermine economic efficiency while harming the environment and the climate,” wrote Jim Krane, the Wallace S. 5 consumer of oil,” Krane said. Costs ranged from a low of 0.3%

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Saudi Arabia Global Fuel Oil 397

Green Car Congress

NOVEMBER 18, 2015

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

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Saudi Arabia Oil Europe Russia 150

Green Car Congress

MAY 24, 2017

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil. oil may not be able to fill.

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Oil Prices Oil Saudi Arabia Price 170

Green Car Reports

NOVEMBER 18, 2015

Saudi Arabia may be one of the most oil-rich nations on the planet, but even this Middle Eastern country is planning to cut its carbon emissions. That's because as other countries work to reduce oil consumption, the Saudi government is worried about what effect efforts to combat climate change will have on its national economy.

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Saudi Arabia Emissions Climate Change Oil 60

Green Car Congress

APRIL 2, 2017

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. EIA data shows that 35 countries in all have already reached and descended from maximum oil demand. by Dwayne Purvis for Oilprice.com.

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Oil Saudi Arabia 2007 Supplies 250

Green Car Congress

FEBRUARY 3, 2017

The Oil War Is Only Just Getting Started. It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how US shale is responding to fifty-plus-dollar oil with rebounding drilling activity. by Tsvetana Paraskova for Oilprice.com.

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Oil Saudi Arabia Oil Prices Low Cost 150

Green Car Congress

DECEMBER 11, 2014

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 Abhishek Deshpande, an oil market analyst at Natixis, agreed.

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Oil Prices Oil 2015 Price 199

Green Car Congress

SEPTEMBER 2, 2015

If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. If proportional to output, the Saudi share would be $24.5 percent to $38.1

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Oil Saudi Arabia UAE 2015 150

Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. by Dalan McEndree for Oilprice.com. percent growth in Q1.

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Russia Saudi Arabia Oil Market 150

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. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. DON'T MISS: Even Saudi Arabia vows to end its.

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Saudi Arabia Cheap Kuwait Oil 60

Green Car Congress

AUGUST 25, 2015

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. billion vs. $1.6

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Saudi Arabia Russia Oil 2015 150

Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”

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Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

JUNE 13, 2012

Oil remains the world’s leading fuel, but its 33.1% Emerging economies accounted for all of the net growth, with OECD demand falling for the third time in the last four years, led by a sharp decline in Japan. in the emerging economies. in the emerging economies. World primary energy consumption grew by 2.5% Source: BP.

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Coal Oil Renewable Saudi Arabia 261

Green Car Congress

DECEMBER 22, 2014

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.

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Oil Prices Oil Price Carbon 268

Green Car Congress

OCTOBER 14, 2013

Less refined fuels—such as heavy gas oil—would be less expensive; however, the higher levels of sulfur in the fuels could prove problematic for catalysts. One approach to overcoming such limitations is the use of direct reforming of gas oil (heavy hydrocarbons) over a heteroatom-resistant catalyst. Now, researchers in S.

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Oil Hydrogen Gas Saudi Arabia 218

Green Car Congress

MAY 13, 2021

Commenting on the news, Richard Thompson, Editorial Director at MEED, part of GlobalData, said: For nearly a century, the Gulf’s abundant supplies of accessible hydrocarbons has put it at the center of a gas-guzzling global economy. Territories that were largely desert in the middle of the 20th century are now thriving oil economies.

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Fusion Green Hydrogen Oman 170

Green Car Congress

OCTOBER 6, 2015

Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

JANUARY 19, 2011

World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP’s latest projection of energy trends, the BP Energy Outlook 2030. Click to enlarge. Coal will increase by 1.2%

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Energy Economy Global Oil-Sands 210

Green Car Congress

AUGUST 9, 2014

I am convinced that joint projects between Rosneft and ExxonMobil, as well as other companies, will benefit our national economy, contribute to improving the global energy situation and will undoubtedly lead to the development of breakthrough technologies and job creation. billion tons of oil equivalent. —President Putin.

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Saudi Arabia Oil Alaska Russia 290

Green Car Congress

OCTOBER 31, 2014

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. The US dollar then went through a massive devaluation, and oil played a crucial role in propping it back up.

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Russia Oil Saudi Arabia China 225

Green Car Congress

DECEMBER 10, 2014

Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The OECD represents the developed economies. Click to enlarge. Outlook for Energy.

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Energy Global 2010 Oil-Sands 252

Green Car Congress

NOVEMBER 12, 2012

The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. barely rises in OECD countries, although there is a pronounced shift away from oil, coal (and, in some countries, nuclear) towards natural gas and renewables. Oil demand reaches 99.7

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Global 2012 Energy Oil 225

Green Car Congress

DECEMBER 19, 2012

Compared to glass, SABIC’s glazing materials gave us greater freedom to create the distinctive and desired window shape and promote the aerodynamic efficiency and fuel economy of the vehicle. Innovative Plastics is a wholly owned subsidiary of Saudi Basic Industries Corporation (SABIC).

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Saudi Arabia Polymer United States Corporation 210

Green Car Congress

JULY 20, 2012

savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. tonnes per capita, despite a decline due to the recession in 2008-2009, high oil prices and an increased share of natural gas. Global fossil oil consumption increased by about 2.9%

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2011 Emissions CO2 Global 236

Green Car Congress

NOVEMBER 20, 2016

One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. It is hard to overstate how valuable this information is, and how fiercely Saudi leadership protected it.

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Saudi Arabia Oil Oil Prices Russia 150

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis Expected a Hole, Not a Bottomless Pit. Racing to Barrel Oil.

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Saudi Arabia Oil Iraq Iran 150

Cars That Think

FEBRUARY 28, 2022

Russia is the world’s second largest producer of crude oil, behind the United States and ahead of Saudi Arabia, and its second largest exporter, behind Saudi Arabia. Such an economy could be largely self contained—the technical term is autarkic —as indeed it was during the Soviet era.

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Ukraine Russia Fuel Saudi Arabia 119

Green Car Congress

NOVEMBER 13, 2011

Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge.

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Oil Transportation Cheap Fleet 247

Green Car Congress

FEBRUARY 4, 2010

It’s been said that the United States is the Saudi Arabia of coal—and that’s because, as I said, it’s one of our most abundant energy resources. By 2022, we will more than double the amount of biofuels we produce to 36 billion gallons, which will decrease our dependence on foreign oil by hundreds of millions of barrels per year.

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Obama Coal Clean Cleaning 218

Green Car Congress

MAY 6, 2019

Nigeria or Algeria cannot do the same for their oil industry. Saudi Arabia and Kuwait might, and should be encouraged to do so. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. —Goldthau et al.

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Carbon Europe Climate Change Saudi Arabia 207

Cars That Think

OCTOBER 29, 2021

billion in new investment cash, and 65-percent owned by Saudi Arabia's Public Investment Fund, saw its stock surge up to 47 percent on news of the first deliveries. Lucid plans additional factories in Europe, China and Saudi Arabia. The Silicon Valley-based company on Wednesday announced a "Dream Delivery Day" for Oct.

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Miles Saudi Arabia Range Volt 145

Green Car Congress

NOVEMBER 5, 2012

The low annual rate of global reduction of carbon emissions per unit of GDP needed to limit global warming to 2 °C—based on the probability assessments of the UN IPCC—is insufficient to achieve that goal, according to the latest Low Carbon Economy Index published by business consultancy PwC. —PwC.

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Climate Change Climate Saudi Arabia Economy 261

Cars That Think

NOVEMBER 10, 2022

Just last year, a half dozen precisely targeted malicious drones managed to slow oil production in Saudi Arabia for days, and more recently, several low-cost drones caused significant damage to oil tankers in the UAE. This illustrates the importance of detecting hostile drones entering secure spaces.

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Building UAE Universal Design 120

Green Car Congress

APRIL 13, 2020

OPEC-Plus, a group of 23 oil-producing countries that includes Russia, agreed on Sunday to reduce output by 9.7 The agreement also calls for OPEC-Plus members to keep oil production reduced from the current level by 6 million barrels per day through April 2022. The big Oil Deal with OPEC Plus is done. Great deal for all!

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Saudi Arabia Oil Production Russia 186