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There’s an affordable EV out there displacing twice as much oil as electric cars

Electrek

But what if I told you there was an electric vehicle that was displacing twice as much oil as those electric cars? more… The post There’s an affordable EV out there displacing twice as much oil as electric cars appeared first on Electrek.

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White House: OPEC+ oil production increases “simply not enough”

Green Car Congress

On Wednesday, US National Security Advisor Jake Sullivan issued a statement calling on OPEC+ to increase oil production: While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022.

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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. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto

Baua Electric

Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from the shift to electric vehicles (EVs), three sources told Reuters. The kingdom has established its own EV brand Ceer, and built an EV metals plant.

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Lexus RZ review, Kia EV9 debut, affordable VW EV, peak oil timeline: The Week in Reverse

Green Car Reports

Which big electric truck can give other EVs 20 miles or more of range per hour? Why are EVs a traffic-safety threat, according to one of the major U.S. safety agencies? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending March 17, 2023. In a first drive of the 2023 Lexus RZ 450e, we found.

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Commentary: Could falling oil prices spark a financial crisis?

Green Car Congress

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. The situation will compound itself if oil prices stay low.

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ExxonMobil starts up $2B Beaumont refinery expansion, adding 250k barrels per day capacity

Green Car Congress

The BLADE (Beaumont Light Atmospheric Distillation Expansion) project built a third crude unit within the facility’s existing footprint to expand light crude oil refining. This expansion is the equivalent of a medium-sized refinery and is a key part of our plans to provide society with reliable, affordable energy products.

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