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. Global demand for refined products dropped substantially in 2020 as a result of the COVID-19 pandemic.

Global 448

Global China Kuwait Oman 448

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. in Russian and Soviet history, Soviet economics, and International economics, and MBA in finance and marketing. by Dalan McEndree for Oilprice.com.

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. G20 countries build a generous Green Climate Fund, well above the $100-billion-a-year goal in the Paris climate agreement. This drives the development of fossil fuels, including coal and shale production, as well as renewables. —Goldthau et al.

Carbon 207

Carbon Europe Climate Change Saudi Arabia 207

Green Car Congress

AUGUST 13, 2015

He argued that rapidly growing production outside OPEC made the existing status quo unviable, and that lower prices in the short term would increase prices in the longer term through reduced investment and ultimately benefit all OPEC members. Saudi Arabia increased production by 6.8 million barrels per day in June. percent in 2016.

Saudi Arabia 150

Saudi Arabia Oil Iraq Iran 150