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

Green Car Congress

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: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Russia supplied about 30 percent (146.6 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. Death by Energy.

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

Green Car Congress

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