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Opinion: The Saudi Oil Price War Is Backfiring

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Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. This could eventually result in refiners cutting their crude oil imports.

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EIA projects increases in global energy consumption and emissions through 2050

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In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency.

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ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

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Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. A recent study estimated that transport costs account for 8%–11% of the final cost of goods—almost double the cost for most industrialized countries.

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

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NTU Singapore to develop technologies to extract hydrogen from liquid organic hydrogen carriers

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In addition, the Japanese government is supporting Singapore’s energy transition by leveraging on Japanese companies’ technologies such as Chiyoda’s SPERA Hydrogen under the Asia Energy Transition Initiative. This collaboration comes at a timely moment, on the back of rising oil prices.

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Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

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Navigant expects Asia Pacific to remain the largest market, with more than 1.56 Due to the incremental costs of NGVs, limited fueling infrastructure, reduced utility, and progress on competitive electrification technology, Navigant expects only modest LD NGV demand growth in North America. between 2015 and 2025.

2015 150
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Study finds that dry-feed gasification for coal-to-liquids is more efficient, lower-emitting and cheaper than slurry-feed; CCS cost-effective for reduction of CO2

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Although co-production plants are much more costly than liquids-only configurations in terms of capital cost, Hari Mantripragadaa1 and Edward Rubin found, because of the high electricity revenues the cost of liquid product is lower than that of the liquids-only case, at market prices of electricity. Mantripragada and Edward S.

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