Green Car Congress

JULY 21, 2022

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448

Global China Kuwait Oman 448

Green Car Congress

DECEMBER 11, 2014

Add to that a new report from the US government’s Energy Information Administration (EIA), which also cut its 2015 forecast for growth in global oil demand by 240,000 barrels per day, down to 880,000 barrels per day. The exceptions, the news agency reports, are Kuwait and Qatar. And yet on Nov. Source: [link]. Market Background Oil'

Oil Prices 199

Oil Prices Oil 2015 Price 199

Green Car Congress

SEPTEMBER 2, 2015

Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce. Export revenues are net of $5/barrel production cost.

Oil 150

Oil Saudi Arabia UAE 2015 150

Green Car Congress

OCTOBER 6, 2015

The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. from a market for Russian crude and natural gas (via LNG) to a global competitor. into a major (potential) LNG competitor in global LNG import markets, and, via the U.S.

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

MAY 6, 2019

Saudi Arabia and Kuwait might, and should be encouraged to do so. This scenario assumes a full global consensus for action on climate change. G20 countries build a generous Green Climate Fund, well above the $100-billion-a-year goal in the Paris climate agreement. Nigeria or Algeria cannot do the same for their oil industry.

Carbon 207

Carbon Europe Climate Change Saudi Arabia 207

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. This increase in output occurs with the context of a narrow global demand opportunity.

Saudi Arabia 150

Saudi Arabia Oil Iraq Iran 150