Green Car Congress

NOVEMBER 18, 2015

Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

Saudi Arabia 150

Saudi Arabia Oil Europe Russia 150

Green Car Congress

APRIL 2, 2017

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. The forecasts of growth in global demand rely upon increased use by developing countries, most importantly China and India. and OECD demand.

Oil 250

Oil Saudi Arabia 2007 Supplies 250

Green Car Congress

JUNE 13, 2012

Oil remains the world’s leading fuel, but its 33.1% Global energy consumption grew by 2.5% Global energy consumption grew by 2.5% Emerging economies accounted for all of the net growth, with OECD demand falling for the third time in the last four years, led by a sharp decline in Japan. globally, and 8.4%

Coal 261

Coal Oil Renewable Saudi Arabia 261

Green Car Congress

SEPTEMBER 2, 2015

If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A If You’re a Free Range Oil Producer. Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. If proportional to output, the Saudi share would be $24.5 percent to $38.1

Oil 150

Oil Saudi Arabia UAE 2015 150

Green Car Congress

DECEMBER 11, 2014

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s latest forecast. OPEC’s monthly report said demand for the cartel’s oil will fall to 28.9 Abhishek Deshpande, an oil market analyst at Natixis, agreed.

Oil Prices 199

Oil Prices Oil 2015 Price 199

Green Car Reports

AUGUST 4, 2016

Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. DON'T MISS: Even Saudi Arabia vows to end its.

Saudi Arabia 60

Saudi Arabia Cheap Kuwait Oil 60

Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. billion vs. $1.6

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150

Green Car Congress

OCTOBER 20, 2015

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. by Dalan McEndree for Oilprice.com. percent growth in Q1.

Russia 150

Russia Saudi Arabia Oil Market 150

Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Venezuela’s Woes.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

MAY 13, 2021

CCC is a globally diversified company specializing in Engineering and Construction. Commenting on the news, Richard Thompson, Editorial Director at MEED, part of GlobalData, said: For nearly a century, the Gulf’s abundant supplies of accessible hydrocarbons has put it at the center of a gas-guzzling global economy.

Fusion 170

Fusion Green Hydrogen Oman 170

Green Car Congress

JANUARY 19, 2011

World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP’s latest projection of energy trends, the BP Energy Outlook 2030. Click to enlarge. per year.

Energy 210

Energy Economy Global Oil-Sands 210

Green Car Congress

NOVEMBER 12, 2012

The global energy map is changing significantly, according to the 2012 edition of the Internal Energy Agency’s (IEA) World Energy Outlook ( WEO-2012 ). The IEA said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades. Energy demand.

Global 225

Global 2012 Energy Oil 225

Green Car Congress

DECEMBER 10, 2014

As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. The OECD represents the developed economies.

Energy 252

Energy Global 2010 Oil-Sands 252

Green Car Congress

OCTOBER 6, 2015

Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

JULY 20, 2012

Global emissions of CO 2 increased by 3% last year, according to the annual report “Trends in global CO 2 emissions”, released by the EC Joint Research Centre (JRC) and the Netherlands Environmental Assessment Agency (PBL). At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%.

2011 236

2011 Emissions CO2 Global 236

Green Car Congress

AUGUST 9, 2014

Practice shows that it is nearly impossible, or at least very difficult, to implement alone such large high-tech projects, projects of global scale and significance. billion tons of oil equivalent. As I have already said, all this great work was made possible by uniting the efforts of Rosneft and our US partner, ExxonMobil.

Saudi Arabia 290

Saudi Arabia Oil Alaska Russia 290

Green Car Congress

OCTOBER 31, 2014

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. The US dollar then went through a massive devaluation, and oil played a crucial role in propping it back up.

Russia 225

Russia Oil Saudi Arabia China 225

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis Expected a Hole, Not a Bottomless Pit. Racing to Barrel Oil.

Saudi Arabia 150

Saudi Arabia Oil Iraq Iran 150

Green Car Congress

NOVEMBER 20, 2016

One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. It is hard to overstate how valuable this information is, and how fiercely Saudi leadership protected it.

Saudi Arabia 150

Saudi Arabia Oil Oil Prices Russia 150

Green Car Congress

NOVEMBER 13, 2011

Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. At a high level, the report notes that there are few signs that the urgently needed change in direction in global energy trends is underway. Click to enlarge. The passenger vehicle fleet doubles to almost 1.7 billion in 2035.

Oil 247

Oil Transportation Cheap Fleet 247

Green Car Congress

MAY 6, 2019

Nigeria or Algeria cannot do the same for their oil industry. Saudi Arabia and Kuwait might, and should be encouraged to do so. This scenario assumes a full global consensus for action on climate change. A wave of green globalization allows all countries to share in the benefits of decarbonization.

Carbon 207

Carbon Europe Climate Change Saudi Arabia 207

Cars That Think

FEBRUARY 28, 2022

Russia is the world’s second largest producer of crude oil, behind the United States and ahead of Saudi Arabia, and its second largest exporter, behind Saudi Arabia. Such an economy could be largely self contained—the technical term is autarkic —as indeed it was during the Soviet era.

Ukraine 117

Ukraine Russia Fuel Saudi Arabia 117

Green Car Congress

NOVEMBER 5, 2012

PwC analysis finds a need for global carbon intensity to drop an average of 5.1% Since 2000, the global rate of decarbonization has averaged 0.8%; from 2010 to 2011, global carbon intensity fell by just 0.7%. Because of this slow start, global carbon intensity now needs to be cut by an average of 5.1% Click to enlarge.

Climate Change 261

Climate Change Climate Saudi Arabia Economy 261

Green Car Congress

APRIL 13, 2020

OPEC-Plus, a group of 23 oil-producing countries that includes Russia, agreed on Sunday to reduce output by 9.7 The agreement also calls for OPEC-Plus members to keep oil production reduced from the current level by 6 million barrels per day through April 2022. The big Oil Deal with OPEC Plus is done. Great deal for all!

Saudi Arabia 186

Saudi Arabia Oil Production Russia 186

Green Car Congress

JANUARY 5, 2019

Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. In fact, the trajectory and health of the global economy has moved to the top of the list in terms of variables exerting influence on oil prices. Big progress being made!”

Oil 207

Oil Saudi Arabia Market Oil Prices 207

The Truth About Cars

AUGUST 8, 2023

& Over the past week, countless media outlets published stories about how oil refineries have had to scale back production targets to contend with exceedingly high temperatures. In July, for example, Saudi Arabia starting reducing how much oil it sends to the global economy by 1 million barrels each day.

Price 97

Price Fuel Oil Climate Change 97