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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

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Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. C carbon budget.

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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

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A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

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In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. Energy Subsidy Reform in the Persian Gulf: The End of the Big Oil Giveaway” was co-authored by Jim Krane, the Wallace S.

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Saudis Expand Price War Downstream

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The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. By offering almost 2.8

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge.

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