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IEA: global map of oil refining and trade to be redrawn over next 5 years

Green Car Congress

Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). But it also highlights elevated supply and demand risks.

Oil 255
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The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

Russia ranks second in the extraction of both crude oil (behind the United States and ahead of Saudi Arabia) and natural gas (behind the United States and ahead of Iran), and it is the sixth-largest producer of coal (behind Australia and ahead of South Africa). share in 2020, by contrast, was about 9 percent.

Ukraine 72
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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. Other OPEC members agreed to similar deals, ensuring perpetual global demand for greenbacks.

Russia 225
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MIT and IEA reports take different views of the future of natural gas in transportation

Green Car Congress

MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. Globally, natural gas vehicles are a small fraction, on the order of 1%, of the close to 900 million vehicles in the vehicle parc.

MIT 299
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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

For natural gas, it is the world’s second largest producer , behind the United States and ahead of Iran, and its largest exporter. Over the years, there have been brief supply interruptions and price swings, but nothing like what’s going on now. But Russia’s importance as an exporter of natural resources goes far beyond hydrocarbons.

Ukraine 119