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EIA estimates decrease in global surplus crude oil production capacity in 2022

Green Car Congress

million barrels per day (b/d) of surplus production capacity was available in non-OPEC countries, about 60% of which was in Russia. For that reason, crude oil production that is offline in Iran, Libya, Venezuela, and now Russia, is excluded from surplus capacity estimates. In 2021, 1.4

Oil 259
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Nissan to test African demand for its e-Power hybrid vehicle – ET Auto

Baua Electric

This year Nissan will export the South African built Navara pickup trucks to new markets of Algeria, Libya, Sudan, Tunisia and Egypt, Nissan Africa product Marketing Director Stefan Haasbroek said. “We’ve been leveraging our technology because Africa is not ready in terms of infrastructure availability of electricity.”

Tunisia 52
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GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

According to the latest available figures from the GECF Global Gas Outlook 2050, natural gas production in the Central Asian Republic is set to increase by 78% to reach the level of more than 141 billion cubic metres (bcm) by 2050, at a remarkable annual growth rate of 1.9%.

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Platts Survey: OPEC pumps 31.28M barrels of crude per day in June; highest since Aug 2012

Green Car Congress

Last Thursday, the Kurdistan Regional Government said it had been forced to boost the sale of its own crude to international markets last month because of a debt backlog triggered by federal government budget cuts, leaving less crude available for export from Ceyhan on behalf of Iraqi state oil marketer SOMO.

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Europe Expands Virtual Borders To Thwart Migrants

Cars That Think

It was after midnight in the Maltese search-and-rescue zone of the Mediterranean when a rubber boat originating from Libya carrying dozens of migrants encountered a hulking cargo ship from Madeira and a European military aircraft. When I got to Libya, I didn’t have money,” Jacob says. Five more migrants died on the southward journey.

Europe 143
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US DOE, IEA member countries releasing a total of 60 million barrels of oil from reserves

Green Car Congress

The IEA estimates that the unrest in Libya had removed 132 million barrels of light, sweet crude oil from the market by the end of May. As part of this effort, the US will release 30 million barrels of oil from the Strategic Petroleum Reserve (SPR). The SPR is currently at a historically high level with 727 million barrels.

Oil 186
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

The loss of oil supplies in Libya and elsewhere was eventually more than offset by large production increases among Middle Eastern OPEC members, leading to record oil production in Saudi Arabia, the UAE and Qatar. The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1% million bpd or 0.7%. of the LNG increase.

Coal 261