Green Car Congress

AUGUST 3, 2022

In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 More recently, the 615,000 b/d Al Zour refinery in Kuwait—the largest in the country when it becomes fully operational—began initial operations earlier this year. million b/d in 2023.

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Asia Saudi Arabia Kuwait Oman 418

Green Car Congress

JULY 21, 2022

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. In the United States, refining capacity has decreased by about 1.1

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Global China Kuwait Oman 448

Green Car Congress

SEPTEMBER 2, 2015

Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce. If You’re a Free Range Oil Producer. dollar spreadsheet.

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Oil Saudi Arabia UAE 2015 150

Green Car Congress

AUGUST 25, 2015

Divorce , as the Saudis and their Gulf Arab allies decide to exploit their financial wealth and go their own way, therefore forcing their fellow OPEC members, unable to finance their domestic oil industries, unwillingly to bear the brunt of global production cuts. Dalan McEndree has a BA in history, MA in European History, M.Phil.

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Saudi Arabia Russia Oil 2015 150

Green Car Congress

OCTOBER 6, 2015

They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant.

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Russia Saudi Arabia Iran Iraq 150

Green Car Congress

AUGUST 13, 2015

for example, has ended fuel subsidies, thereby essentially, increasing its budget revenues, while Saudi Arabia recently floated a $4-billion domestic bond offering to help finance its budget. million), and its allies, UAE (2.87), Kuwait (2.8), and Qatar (.67), Asian customers are taking advantage of the competition.

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Saudi Arabia Oil Iraq Iran 150