Green Car Congress
AUGUST 15, 2018
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. by Tsvetana Paraskova for Oilprice.com.
Green Car Congress
FEBRUARY 23, 2017
Annual methanol consumption in China, 2000-16. Smaller amounts of China’s methanol supply are imported from the Middle East, Southeast Asia, South America, and the United States. MTG units involve high capital costs and are only cost-competitive when oil prices are high. Click to enlarge. Background.
Green Car Congress
JUNE 13, 2012
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. more as natural gas was diverted to Asia. Prices increased in all regions.
Green Car Congress
OCTOBER 17, 2009
Energy prices reflected this shift: oil peaked at $144 per barrel in July, then fell to $34 per barrel in December. Continuing a decade-long trend, most of the growth was in the Asia-Pacific region, where production grew 6.3%. In 2000, coal provided 28% of the world’s fossil fuel energy production, compared with 45% for oil.
Green Car Congress
APRIL 7, 2010
This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. EIA has revised its assessment for Asia upwards and Europe downwards for 2010 in response to preliminary first-quarter data for those regions.
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