Green Car Congress
MARCH 20, 2011
The Chinese government recently granted final approval for a joint venture project between Kuwait Petroleum Corporation (KPC) and China Petroleum and Chemical Corporation (Sinopec), one of the world’s largest refiners, to build a world-class refinery and petrochemical complex in south China.
Green Car Congress
JULY 21, 2022
Global demand for refined products dropped substantially in 2020 as a result of the COVID-19 pandemic. Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan.
Green Car Congress
DECEMBER 11, 2014
27, OPEC refused to lower its production levels below 30 million barrels a day, adding to the oil glut that started with the US boom in high-quality shale oil. Fiscal balances are a huge problem for weaker OPEC members, so I won’t be surprised if they call for an emergency meeting [to adjust production levels] early next year.”.
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.
Green Car Congress
JANUARY 13, 2017
Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. percent in intraday trading on Monday, after a report at the end of last week showed another solid build in the US rig count, the tenth consecutive week that the oil industry added rigs back into the field.
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. by Dalan McEndree for Oilprice.com.
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.
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