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Oil price tumbles after OPEC releases 2015 forecast

Green Car Congress

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 US backlogs of gasoline and distillates also were up, according to the API.

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Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

Green Car Congress

In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. Energy Subsidy Reform in the Persian Gulf: The End of the Big Oil Giveaway” was co-authored by Jim Krane, the Wallace S.

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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

Oil remains the world’s leading fuel, but its 33.1% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%

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LanzaTech and LCY to target bio-based chemicals market; bio-based C2 to C5 feedstock as raw materials

Green Car Congress

Bowei Lee, CEO and Chairman of LCY, says LCY plans to investigate alternative bio-C 2 to C 5 feedstock as raw materials, replacing petroleum oil for LCY’s current portfolio of products such as TPE, PP, solvents, and methanol derivatives. LCY is also looking to further developments in bio green products including bio-plastics and bio-fuels.

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GE and Clean Energy Fuels Partner to expand LNG refueling infrastructure in US for trucks; new MicroLNG plants

Green Car Congress

As part of the collaboration, Clean Energy Fuels will initially purchase two MicroLNG plants from GE Oil & Gas. The 250,000-gallon capacity marks a 67% increase over the capacity of the MicroLNG plant that GE Oil & Gas first introduced in January 2012 (150,000-gallon capacity). —Dan Heintzelman, president and CEO of GE Oil & Gas.

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The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

Around the six Gulf states, together with oil majors Saudi Arabia and the United Arab Emirates, electrical vehicles account for simply 0.4% s top class Zeekr emblem have began promoting in Israel and planning to make bigger into extra international locations within the patch, together with Qatar and Bahrain. Chery Car Co.