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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

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The new refinery projects would increase production of refined products, such as gasoline and diesel, and in turn, they might reduce the current high prices for these products. The 400,000 b/d Jizan refinery in Saudi Arabia reportedly came online in late 2021 and began exporting petroleum products earlier this year.

Asia 418
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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Global demand for refined products dropped substantially in 2020 as a result of the COVID-19 pandemic. Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan.

Global 448
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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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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. percent to $38.1

Oil 150
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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While the IEA projects surplus production will begin to recede in 2H 2016, they are suffering now (and in any case, it is a projection). in Russian and Soviet history, Soviet economics, and International economics, and MBA in finance and marketing. Moreover, Saudi policy, combined with the impact of U.S. MMbbls/day in 1H 2015 from 3.65

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Opinion: Is Russia Plotting To Bring Down OPEC?

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The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Dalan McEndree has a BA in history, MA in European History, M.Phil.

Russia 150
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Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

Revenue per vehicle decreased slightly, Polestar said, attributing the slight reduction to product and market mix. This was a result of higher Polestar 2 sales and lower manufacturing costs, which come as companies scale the production of their vehicles. and the USA. The company’s $1.48 It also obtained an additional $1.6

Kuwait 79
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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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He argued that rapidly growing production outside OPEC made the existing status quo unviable, and that lower prices in the short term would increase prices in the longer term through reduced investment and ultimately benefit all OPEC members. Saudi Arabia increased production by 6.8 million barrels per day in June. percent in 2016.