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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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In the United States, refining capacity has decreased by about 1.1 Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan.

Global 448
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GE study finds 5% of worlds natural gas production wasted per year by flaring

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This is an amount equivalent to 30% of consumption in the European Union and 23% in the United States. Although Nigeria has reduced flare gas emissions by 28% from 2000 levels, the country’s oil industry still wastes 15bcm of natural gas every year. Expand access to financing. GE Energy Flare Gas Reduction Study.

Waste 260
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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In both the United States and Russia, each of which produces roughly as much as Saudi Arabia, output increased in 2015 rather than decreasing, and will continue to increase in 2016 in the U.S. As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. percent in 2016.

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IISD Releases Five-Part Series of Reports on Removing Fossil Fuel Subsidies

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The International Institute for Sustainable Development’s Geneva-based Global Subsidies Initiative ( GSI ) has issued a five-part series of reports into how nations might remove fossil-fuel subsidies, on the eve of a meeting of G20 finance ministers in Washington this week. Some data exist on most types of fossil fuel subsidies.

Parts 207