Green Car Congress

JUNE 27, 2019

The MOU provides a framework to accelerate expansion of a hydrogen ecosystem in the Korean and Saudi Arabian markets, and to explore the use of advanced non-metallic materials in various fields including the automotive industry. Additionally, the companies will cooperate on the development of future automotive technologies. Earlier post.)

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Saudi Arabia Hydrogen Hyundai Carbon Fiber 191

Green Car Congress

JULY 21, 2022

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. The refinery’s return is likely to decrease petroleum product prices and increase supply, particularly in south and southeast Asian markets.

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Global China Kuwait Oman 448

Green Car Congress

MAY 23, 2016

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. OPEC interactions have become a direct altercation between Saudi Arabia and Iran, with the remaining members reduced to mere observers. million barrels per day (bpd).

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Saudi Arabia Iran Store Oil 150

Green Car Congress

JANUARY 19, 2012

The refinery will process 400,000 barrels per day (bpd) of Arabian Heavy crude oil and will produce high-quality transportation fuels that meet the most stringent refined product specifications for domestic and international markets. Sinopec, the biggest Asian-owned refiner operating in Asia, is also Saudi Aramco’s largest crude oil buyer.

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Saudi Arabia Oil Asia Gas 255

Green Car Congress

MAY 24, 2017

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. The potential supply gap has far-reaching implications that we are not ready to combat.

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Oil Prices Oil Saudi Arabia Price 170

Green Car Congress

NOVEMBER 15, 2014

In its latest annual World Energy Outlook , the International Energy Agency (IEA) warned that the current period of oil abundance may be fleeting, and in fact, without heroic levels of production increases, oil markets will grow dangerously tight in the coming years. And that should raise some alarm.

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Oil Iraq Oil-Sands Supplies 257

Green Car Congress

APRIL 10, 2015

OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. As per its state run oil company PDVSA, the country loses about $700 million a year with every $1 drop in the international oil price.

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Saudi Arabia Venezuela Iran Nigeria 150

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. Saudi Policy: OPEC-centric or Self-Serving?

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Saudi Arabia Russia Oil 2015 150

Green Car Congress

MARCH 13, 2015

Global supply rose by 1.3 expected US crude supply, raising the 2015 North American outlook. expected US crude supply, raising the 2015 North American outlook. mb/d, as losses in Libya and Iraq offset higher supply from Saudi Arabia, Iran and Angola. mb/d, bringing global demand to an average 93.5

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2015 Oil Saudi Arabia Market 150

Green Car Congress

OCTOBER 6, 2015

Russia supplied about 30 percent (146.6 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. They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. mmbbl/day) in 2013.

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

JANUARY 18, 2013

In its latest Oil Market Report , the International Energy Agency (IEA) raises its forecast for global consumption of oil to 90.8 Global crude oil supplies fell by 170 kb/d in December, to 91.2 OPEC crude supply in December fell to its lowest level in a year at 30.65 mb/d on lower output from Saudi Arabia and Iraq.

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2013 Saudi Arabia Oil Global 225

Green Car Congress

MARCH 17, 2011

Saudi Aramco and China Petrochemical Corporation (Sinopec) signed a Memorandum of Understanding (MOU) related to the ongoing development of the Red Sea Refining Company (RSRC), a world-class, full-conversion refinery in Yanbu’ on the west coast of Saudi Arabia. one of the in-Kingdom gas exploration companies.

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Saudi Arabia Oil China Conversion 170

Green Car Congress

MARCH 23, 2017

To cut exports rather than production would hit hard the bottom lines of those who are heavy exporters, so it's quite clear why an oil cartel whose self-proclaimed mission is to secure "a steady income to producers" chose to cut "production" instead of "exports" in its latest supply-cut agreement. But Iraq is uniquely positioned.

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Iraq Saudi Arabia Oil Oil Prices 150

Green Car Congress

MAY 13, 2021

Since its formation in 1952, CCC has become one of the leading international contractors with a worldwide turnover of more than US$4 billion and managing 60,000 personnel composed of more than 80 nationalities. Many more will follow. However, the cost is one very large fly in the ointment.

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Fusion Green Hydrogen Oman 170

Green Car Congress

OCTOBER 20, 2015

In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.

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Russia Saudi Arabia Oil Market 150

Green Car Congress

MARCH 8, 2017

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. Global oil supplies plunged nearly 1.5 by Tsvetana Paraskova for Oilprice.com. But resurgent U.S.

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Oil Prices Saudi Arabia Oil Price 170

Green Car Congress

JUNE 13, 2012

The report also highlighted supply disruptions as one of the major energy events of the year. The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world.

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Coal Oil Renewable Saudi Arabia 261

Green Car Congress

MAY 29, 2012

Al-Futtaim and its network of experienced retailers will allow Fisker to reach customers in the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Egypt. Fisker has also become the first manufacturer to launch vehicles under the Federal Government’s Advanced Technology Vehicle Manufacturing (ATVM) program.

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Fisker 2007 Karma 2012 277

Green Car Congress

NOVEMBER 6, 2015

Then again, there is a question about whether or not shale can really be a major source of supply over the long-term. The International Energy Agency sees North American shale peaking towards the early part of the 2020s and declining thereafter, all but making it a blip on the radar when looking at oil production from a long-term standpoint.

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Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

JULY 16, 2017

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. Increased local demand is not only a growing problem for Saudi Arabia, but for most Persian Gulf producers. Saudi August crude exports could fall to around 6.6

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Oil Libya Nigeria Qatar 186

Green Car Congress

JUNE 27, 2012

The findings by Leonardo Maugeri, a former senior executive vice president of the oil company Eni, and now a fellow in the Geopolitics of Energy Project in the Kennedy School’s Belfer Center for Science and International Affairs, are based on an original field-by-field analysis of the world’s major oil formations and exploration projects.

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Oil Oil-Sands Price Production 261

Green Car Congress

OCTOBER 31, 2014

The reasons for the cozier relationship between the two giant powers are, of course, rooted in the Ukraine crisis and subsequent Western sanctions against Russia, combined with China’s need to secure long-term energy supplies. Related: Should Europe Be Concerned About Russia’s Growing Energy Relationship with Asia? ).

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Russia Oil Saudi Arabia China 225

Green Car Congress

DECEMBER 10, 2014

The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. The outlook is developed by examining energy supply and demand trends in 100 countries, 15 demand sectors covering all manner of personal and business needs and 20 different energy types. Outlook for Energy.

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Energy Global 2010 Oil-Sands 252

Green Car Congress

NOVEMBER 12, 2012

The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). North America emerges as a net oil exporter, accelerating the switch in direction of international oil trade, with almost 90% of Middle Eastern oil exports being drawn to Asia by 2035.

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Global 2012 Energy Oil 225

Teslarati

MARCH 1, 2022

Lucid will aim for 12,000 to 14,000 units, citing supply chain constraints and “a continued focus on quality.” However, the shortages are not for crucial parts like semiconductors or batteries, which have been in short supply since the COVID-19 pandemic started in early 2020.

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Saudi Arabia Production International Supplies 121

Teslarati

MAY 5, 2022

This became an issue for Lucid, as these parts were usually not easy to get because of global supply chain bottlenecks, which Rawlinson said were the biggest issue in the Air’s ramp up. Additionally, outbreaks of COVID-19 at supplier facilities also contributed to the parts shortages. “In

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Saudi Arabia Price Financing International 98

Green Car Congress

MAY 20, 2022

A development team from CoorsTek Membrane Sciences, in collaboration with international research partners, have successfully used ceramic membrane technology to develop a scalable hydrogen generator that makes hydrogen from electricity and fuels including natural gas, biogas and ammonia with near zero energy loss.

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Hydrogen Gas Saudi Arabia Spain 459

Green Car Congress

JANUARY 19, 2011

The largest increments of new supply will come from OPEC – conventional crude in Saudi Arabia and Iraq, as well as OPEC natural gas liquids (NGLs) which are not subject to OPEC quotas. mmbpd in 2010 and will contribute 125% of net non-OPEC supply growth over the next 20 years. —Christof Rühl. —Christof Rühl.

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Energy Economy Global Oil-Sands 210

Green Car Congress

AUGUST 26, 2011

The proposed Keystone XL Project consists of a crude oil pipeline and related facilities that would primarily be used to transport Western Canadian Sedimentary Basin (WCSB) crude oil from an oil supply hub near Hardisty, Alberta, Canada to delivery points in Oklahoma and Texas. In 2009, Gulf Coast refineries imported approximately 5.1

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Oil-Sands Emissions Oil Oklahoma 253

Green Car Congress

JUNE 23, 2011

The showcase for Chevron’s efforts—and its international center for heavy oil technology—is the 110-year-old Kern River field in the San Joaquin Valley in California. Chevron has integrated historical well logs with modern borehole data to completely characterize the field in a “living” 3D model.

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Chevron Oil Oil-Sands Production 244

The Truth About Cars

SEPTEMBER 19, 2023

We’ve also seen this take place in regard to vehicle pricing and a bevy of other economic issues, as there’s a similarly unlimited supply of people who’ve managed to thrive in this world without having been burdened by reality. The IEA also faulted production cuts stemming from Russia and Saudi Arabia.

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Price Saudi Arabia Fuel Oil 105

Green Car Congress

AUGUST 10, 2018

Moller–Maersk and IBM announced the creation of TradeLens , jointly developed by the two companies to apply blockchain to the world’s global supply chain. Pacific International Lines (PIL) have joined Maersk Line and Hamburg Süd as global container carriers participating in the solution.

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Saudi Arabia Singapore Peru Global 170

Green Car Congress

JUNE 23, 2016

The argument emerged that having contributed to the collapse of world oil prices, US LTO was the new global swing producer, replacing OPEC leader Saudi Arabia in that role. If prices went too low the LTO operators couldn’t afford to drill, which would shrink supply and cause prices to rise.

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Oil Prices Oil Price Oil-Sands 150

Green Car Congress

NOVEMBER 5, 2012

The International Energy Agency, for example, now considers 4°C and 6°C scenarios as well as 2°C in their latest analysis. The risk to business is that it faces more unpredictable and extreme weather, and disruptions to market and supply chains. Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina).

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Climate Change Climate Saudi Arabia Economy 261

Cars That Think

NOVEMBER 10, 2022

With that, it has become imperative to extend a Zero Trust architecture to systems of autonomous systems to protect not only drones but also industrial equipment, supply chain automation, and smart cities. In some cases, hackers are finding ways to infiltrate software supply chains to plant targeted malware vulnerabilities.

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Building UAE Universal Design 129

Green Car Congress

NOVEMBER 13, 2011

The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. Click to enlarge. By contrast, subsidies for fossil fuels amounted to $409 billion in 2010.

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Oil Transportation Cheap Fleet 247