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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

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. The refinery’s return is likely to decrease petroleum product prices and increase supply, particularly in south and southeast Asian markets.

Global 448
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Saudis Expand Price War Downstream

Green Car Congress

The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. Is Saudi Arabia likely to win a potential price war against Asian producers of diesel? By offering almost 2.8 In fact, at $5.60

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This Nigerian Startup’s Minigrid Began as a School Project

Cars That Think

After he graduated from the Federal University of Technology in Owerri, Nigeria, his plan was to get a high-paying job at one of the multinational oil and gas companies based in the country. Orajaka says his off-grid system of the first of its kind developed and implemented in Nigeria. The IEEE member is GVE’s chief executive.

Nigeria 68
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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

While DoD and the services will have access to the wholesale fuel supplies they require, the purchase price may be uncomfortably high. As fuel consumers, DoD and the services have only one effective option to deal with high petroleum prices: to reduce use of petroleum fuels overall. Turkey) or building new partnerships (e.g.,

Price 225
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Bajaj Chetak electrical scooter sees over four-fold gross sales enlargement in FY23

Baua Electric

Bajaj Auto has open over four-fold build up in gross sales of its Chetak electrical scooter to 36,260 devices in FY23 as in comparison to the former fiscal when the e-scooter clocked 8,187 devices, the corporate famous in its annual document for 2022-23. Then again, the corporate’s exports, which accounted for 52.7

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Junkyard Find: 1982 Peugeot 505S Turbodiesel

The Truth About Cars

The 504 stayed in production quite deep into the 21st century ( in Nigeria ), and the 505 was its ordained successor. This car's build tag shows that Peugeot held its head high as a result of being headquartered in the 16th Arrondissemont of Paris. The price tag for this transmission came to $370, or around $1,208 in 2023 dollars.

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GE study finds 5% of worlds natural gas production wasted per year by flaring

Green Car Congress

If half of this flare gas (25 bcm per year) was captured and sold at prevailing domestic prices in Russia, the economic opportunity may exceed US$2 billion (65 billion rubles). Although Nigeria has reduced flare gas emissions by 28% from 2000 levels, the country’s oil industry still wastes 15bcm of natural gas every year.

Waste 260