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

Green Car Congress

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. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

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

Green Car Congress

Interestingly, also, the Saudis increased their share of OPEC average daily output in the first half of 2015 over 2014 average daily volume—and their share of average daily global output. percent, during the same period; during the same period, OPEC output as a share of global output declined slightly, from 39.5 percent from 10.2

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. from a market for Russian crude and natural gas (via LNG) to a global competitor. into a major (potential) LNG competitor in global LNG import markets, and, via the U.S.

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

Teslarati

Polestar’s ( NASDAQ: PSNY ) position as one of two global, pure electric vehicle makers was solidified with a strong Q3 earnings report that featured skyrocketing revenue and gross profit figures and an operating loss that was reduced by one-third. and the USA. Gross profit also grew considerably compared to the same quarter in 2021.

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