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US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

Green Car Congress

Purchase and importation into Venezuela of goods or inputs related to the activities described in this general license, including diluents, condensates, petroleum, or natural gas products. from receiving profits from the oil sales by Chevron. This authorization prevents PdVSA (Petróleos de Venezuela, S.A.)

Venezuela 358
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NEXT Renewable Fuels and Shell Trading (US) enter renewable diesel purchase and sale agreement

Green Car Congress

NEXT) and Shell Trading (US) Company (Shell) have entered a long-term purchase and sale agreement for the purchase of renewable diesel from NEXT’s planned Port Westward, Oregon facility. NEXT Renewable Fuels , Inc.

Renewable 268
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Tesla has opened its first store in Qatar, following sales launch last year

Teslarati

Tesla has officially opened its first store and showroom in Qatar, after the automaker initially launched sales in the country late last year. “Our Qatar store will provide customers with the opportunity to experience and purchase our cutting-edge vehicles, including the Model S, Model 3, Model X, and Model Y.”

Qatar 145
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Senators introduce bill to expand E15 sales, ban Russian petroleum products

Green Car Congress

This legislation would make the sale of E15 year-round permanent; create a tax credit for higher biofuel blends; streamline E15 labeling; provide funding for E15 infrastructure; extend the biodiesel tax credit for three more years; and ban imports of Russian petroleum products. It would also put into law full restrictions on U.S.

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GlobalData: COVID-19 puts EV sales and CO2 fleet emission targets at risk

Green Car Congress

GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO 2 emissions in the European car market. —Mike Vousden, Automotive Analyst at GlobalData.

CO2 353
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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. “ —Gabriel Collins.

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Saudi Arabia And Iran Reignite The Oil Price War

Green Car Congress

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. sanctions on Iranian oil. Iran, OPEC’s third-largest producer, is trying to convince its oil customers to continue buying Iranian oil despite stringent U.S. sanctions kick in.