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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

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A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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Saudis Expand Price War Downstream

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In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. How will Saudi Arabia Capture Market Share Downstream? In case of Saudi Arabia, the price of crude oil would be extremely low.

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

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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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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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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. by Haley Zaremba for Oilprice.com.

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Hydrogen Opposed Piston Engine Working Group formed

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A study of a 2017 Toyota Mirai fuel cell by Argonne National Laboratory found fuel cell stack efficiency below 50% and fuel cell system efficiency dropping below 40% at high loads. King Abdullah University of Science and Technology, Thuwal, Saudi Arabia. Department of Automotive Engineering, Clemson University, Clemson, SC.

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Is A Second OPEC Cut In The Cards?

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The supply-cut deal has so far resulted in a surprisingly high OPEC compliance of more than 90 percent, thanks to the cartel’s leader and biggest producer, Saudi Arabia, which has been cutting deeper than pledged. million bpd in January 2017, with both OPEC and non-OPEC countries producing less, the IEA noted.

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Ipsos study finds US among most skeptical of Autonomous Vehicles

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The study was conducted as part of its What the Future series, which couples survey data and interviews with experts in the field to see what “big questions” companies should be asking themselves about the future of their industries. This issue of What the Future focuses on mobility, and if people are ready for the coming technology.