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. After Russia began its full-scale invasion of Ukraine in late February 2022, the impacts of reduced global refining capacity were exacerbated.

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Global China Kuwait Oman 448

Green Car Congress

OCTOBER 31, 2014

The reasons for the cozier relationship between the two giant powers are, of course, rooted in the Ukraine crisis and subsequent Western sanctions against Russia, combined with China’s need to secure long-term energy supplies. However, the Chinese have a problem in their plans for the yuan.

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Russia Oil Saudi Arabia China 225

Green Car Congress

OCTOBER 6, 2015

and European Union’s decisions to impose—and maintain—sanctions on Russia after its invasion and annexation of Crimea and invasion and informal annexation eastern Ukraine will pile more pressure on the Russian energy industry. naval power, the Chinese, for example, prefer pipeline natural gas supplies over seaborne LNG supplies.

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

OCTOBER 20, 2015

and EU Ukraine-related economic and financial sanctions. and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. The Saudis have repeatedly cut pricing to undercut competitors to maintain market share in the critical U.S.

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Russia Saudi Arabia Oil Market 150