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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. A sharp rise in oil prices would spur new investment and new drilling.

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. Many countries, cities, companies, and individuals have made pledges to reduce emissions, and it is stark reminder that despite all this rhetoric, global fossil CO 2 emissions are more than 5% higher than in 2015, the year of the Paris Agreement.

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thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

Green Car Congress

German steel companies thyssenkrupp Steel and HKM and the Port of Rotterdam will jointly investigate setting up international supply chains for hydrogen. Green hydrogen is a sustainable alternative to coal, oil and natural gas. thyssenkrupp Steel Europe is one of the world’s leading suppliers of carbon steel flat products.

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Oil sands growth to push Canadian crude production to about 4.7M bpd in 2025, up 67% from 2010; in situ production takes lead in 2016

Green Car Congress

Canadian oil sands & conventional production. Oil sands growth will drive Canadian crude oil production to about 4.7 The forecast sees oil sands production rising from 1.5 Canadian and US crude oil pipelines—all proposals. —Greg Stringham, CAPP vice-president of markets and oil sands.

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Opinion: Saudi Arabia Continues To Turn Screws On US Shale

Green Car Congress

According to OPEC's latest monthly oil report , Saudi Arabia boosted its oil output to 10.31 That was enough for the de facto OPEC leader to claim its highest oil production level in more than three decades. There is a lag between movements in the oil price and corresponding changes in production. million barrels.

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A hydrogen-powered electric truck is being built by Adani in partnership with Ashok Leyland and Ballard

Electric Vehicles India

Indian company Adani Enterprises Limited has signed agreements with Ashok Leyland and Canadian company Ballard Power to pilot the development of hydrogen fuel cell electric trucks for the logistics and start-up of mining operations. The Indian government recently backed green hydrogen and approved its $2.11

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Government of Canada Awarding $18.79M to Biodiesel Producer

Green Car Congress

The project consists of converting vegetable or cooking oil or animal fat into biodiesel. The company intends to sell the product to diesel producers in Quebec, the Atlantic provinces and possibly the United States, which will include a percentage of biodiesel in their diesel. Biocardel Québec Inc.,

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