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Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

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IHS Markit: 10 MMb/d of oil production cuts coming

Green Car Congress

IHS Markit Crude Oil Markets service expects up to 10 MMb/d of world oil production will be cut or shut-in from April to June 2020 as oil storage fills up and output from financially strapped companies begins to fall. If oil cannot be sold or stored, it cannot be produced. Something has to give. And it will.

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California 2019 crude average carbon intensity up

Green Car Congress

The 2019 CI is up from 2018 (12.35) and from 2017 (11.93); volume delivered to California refineries was down, however: 584,313,143 barrels in 2019, versus 624,127,435 in 2018 and 621,246,732 in 2017. California gets the largest portion of its crude from itself: 155,785,058 barrels in 2019, or 27% of the total. CI (gCO 2 e/MJ).

2019 186
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Saudi Aramco and Air Products to build Saudi Arabia’s first hydrogen fuel cell vehicle fueling station; operational 2Q19

Green Car Congress

Saudi Aramco and Air Products signed an agreement to jointly-build the first hydrogen fuel cell vehicle fueling station in Saudi Arabia. The hydrogen refueling station, the first in the Kingdom, is expected to be operational in the second quarter of 2019. Al Khowaiter, Chief Technology Officer of Saudi Aramco.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. by Dalan McEndree for Oilprice.com. and $65.65

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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Nigeria or Algeria cannot do the same for their oil industry. Saudi Arabia and Kuwait might, and should be encouraged to do so. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. —Goldthau et al.

Carbon 207
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American Fuel Consumption Goes Down, Prices Do Not

The Truth About Cars

The Energy Information Administration (EIA) estimates that Americans were burning through a million fewer barrels of oil last week than they were the week before. What isn’t dropping is oil prices and that seems to be making all the difference. But the usual decline in pump prices is being stymied for now by these high oil costs.”

Price 90