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

Green Car Congress

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.

Global 448
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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

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. They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Wary of U.S.

Russia 150
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

While the IEA projects surplus production will begin to recede in 2H 2016, they are suffering now (and in any case, it is a projection). The Saudis sold their change to their fellow OPEC members as being in OPEC’s general interest. Moreover, Saudi policy, combined with the impact of U.S. million barrels/day in 2014 to 7.55 MMbbls/day.

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Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

Revenue per vehicle decreased slightly, Polestar said, attributing the slight reduction to product and market mix. This was a result of higher Polestar 2 sales and lower manufacturing costs, which come as companies scale the production of their vehicles. and the USA. The company’s $1.48 It also obtained an additional $1.6

Kuwait 93