Green Car Congress

MAY 8, 2011

This follows the completion of the deal announced last October in which BP’s existing partner, PdVSA of Venezuela, agreed to sell its 50% interest in the joint venture to Rosneft. Through the 50:50 joint venture both companies co-own the following assets: Gelsenkirchen Refinery (100% ROG). The deal became effective from 1 May 2011.

Venezuela 186

Venezuela 2002 Germany Oil 186

Green Car Congress

MAY 23, 2016

The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels. million barrels per day (bpd).

Saudi Arabia 150

Saudi Arabia Iran Store Oil 150

Green Car Congress

JULY 28, 2015

With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy.

Saudi Arabia 150

Saudi Arabia Price Oil India 150

Green Car Congress

OCTOBER 6, 2015

Russia supplied about 30 percent (146.6 The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices. They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects.

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

JUNE 23, 2011

Chevron is taking its technology learnings from Kern River and apply them to Duri and other major heavy oil fields globally, such as Wafra in the onshore Partitioned Neutral Zone (PNZ) between Kuwait and Saudi Arabia and in the Orinoco in Venezuela. —Jeff Hatley. DOE fact sheet: US Heavy Oil Resource Potential.

Chevron 244

Chevron Oil Oil-Sands Production 244

Green Car Congress

OCTOBER 20, 2015

Venezuela, an OPEC member, has even proposed an emergency summit meeting. While the sharp decline in crude prices has saved crude consuming nations hundreds of billions of dollars, the loss in revenues has caused crude exporting countries intense economic and financial pain. The Saudi government is also scrambling.

Russia 150

Russia Saudi Arabia Oil Market 150

Green Car Congress

NOVEMBER 15, 2012

Although crudes derived from the Canadian oil sands are more carbon-intensive than the average oil refined in the United States, they are within the range of some other crude oils produced, imported, or refined in the United States, including crudes from Venezuela, Nigeria, Iraq, and California heavy oil production, according to the report.

Oil-Sands 388

Oil-Sands Oil Emissions United States 388

Green Car Congress

NOVEMBER 20, 2016

That is because of two reasons—the size of its reserves, and the ability to use latent spare capacity to quickly adjust supply, affording it an outsized influence on crude oil prices. At the heart of the plan is spinning off roughly 5 percent of Saudi Aramco, the most valuable oil company in the world.

Saudi Arabia 150

Saudi Arabia Oil Oil Prices Russia 150

Cars That Think

JANUARY 29, 2022

Bad things happen when demand outstrips supply. We learned that lesson too well at the start of the pandemic, when demand for toilet paper, disinfecting wipes, masks, and ventilators outstripped the available supply. Clearly, balancing the supply and demand of goods is critical for a stable, normal, functional society.

Power Grid 106

Power Grid Grid Power Powered 106

Green Car Congress

JUNE 23, 2016

If prices went too low the LTO operators couldn’t afford to drill, which would shrink supply and cause prices to rise. In the Middle East a single state oil company is exploiting arguably the most prolific reservoirs in the world. The geological and commercial differences between the two couldn’t be more glaring.

Oil Prices 150

Oil Prices Oil Price Oil-Sands 150

Green Car Congress

NOVEMBER 13, 2011

Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. Oil companies will be forced to turn to more difficult and costly sources to replace lost capacity and meet rising demand. Major changes in liquids supply in the New Policies Scenario, 2010-2035. —WEO 2011.

Oil 247

Oil Transportation Cheap Fleet 247

Green Car Congress

MAY 27, 2022

million in payments to be made to intermediary companies in order to secure improper advantages to obtain and retain business with state-owned and state-controlled entities in West Africa, including Nigeria, Cameroon, Ivory Coast, and Equatorial Guinea. Glencore also admitted to bribery of officials in Brazil and Venezuela.

Los Angeles 199

Los Angeles Equatorial Guinea Price Nigeria 199

Drive Electric

AUGUST 9, 2022

Fortunately, to improve this issue, battery makers are working towards more responsible supply chains , and have the potential for cheaper, more efficient, and more environmentally friendly energy storage in the near future. Most major petrol companies have also installed EV chargers at many of their sites.

Environment 98

Environment Electric Vehicles New Zealand Vehicles 98

Drive Electric

AUGUST 9, 2022

Fortunately, to improve this issue, battery makers are working towards more responsible supply chains , and have the potential for cheaper, more efficient, and more environmentally friendly energy storage in the near future. Most major petrol companies have also installed EV chargers at many of their sites.

Environment 52

Environment Electric Vehicles New Zealand Vehicles 52