Remove Economy Remove Price Remove Qatar Remove Supplies
article thumbnail

IHS Markit: US poised to be world’s largest LNG exporter in 2022 as China becomes top LNG importer

Green Car Congress

The world’s two largest economies—the United States and China—are poised to be the world’s top export and import markets for liquefied natural gas (LNG), respectively, in 2022, according to a new report by IHS Markit. Spot LNG prices have soared past previous records.

Qatar 186
article thumbnail

Tesla spikes 12 percent as Musk comments on demand, EV stocks surge

Teslarati

Tesla was not the only EV stock to bounce back from a troublesome few months due to a dicey economy as Rivian ( NASDAQ: RIVN , +13.30%), Lucid ( NASDAQ: LCID , +9.68%), and Nio ( NYSE: NIO , +10.45%) all spiked considerably during mid-day trading. All prices are current as of 2:10 PM on Tuesday.

Qatar 95
article thumbnail

BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

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. in the emerging economies. The report also highlighted supply disruptions as one of the major energy events of the year. Global energy consumption grew by 2.5%

Coal 261
article thumbnail

Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

Green Car Congress

The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. Territories that were largely desert in the middle of the 20th century are now thriving oil economies. Until green hydrogen becomes price competitive, it cannot fulfil its promise.

Fusion 170
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

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
article thumbnail

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

Green Car Congress

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. Market” forces include many components. . billion to $3.5)

article thumbnail

War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

This war will have many long-term consequences, but possibly none more important than its effects on the future of the European energy supply. Rapid severing of Europe’s Russian supplies would create an unprecedented economic and existential emergency on the continent. European gas supplied three-fifths of the continent’s demand.

Ukraine 124