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Iran’s Ministry of Industries, Mining and Trade recently announced that the country has discovered its first lithium reserve, in Qahavand in Hamedan province. million tons of lithium; if realized, this would rank Iran behind Chile (11 millions tons) and ahead of Australia (7.9 The reserve is believed to hold 8.4
Japan-based Terra Motors, a manufacturer of electric two and three-wheelers ( earlier post ), has started sales of the A4000i electric scooter—with new products to follow—in Tehran, Iran with Jahanro Industrial Co, exclusively for next five years. In Iran, the government has decided to reduce gasoline subsidies.
The average global capacity factor for reactors generating electricity in 2019 rose from 79.8% Construction started on five reactors in 2019, two in China and one each in Iran, Russia and the UK. Median construction time for reactors starting up in 2019 was 117 months. This is above the average achieved since 2001.
As of May 2022, surplus crude oil production capacity in non-OPEC countries decreased by 80% compared with 2021, according to the US Energy Information Administration’s (EIA) new report Global Surplus Crude Oil Production Capacity. In 2021, 1.4
The global market for light-duty (LD) natural gas vehicles (NGVs)—including passenger cars, light-duty trucks and commercial vehicles—will experience a compound annual growth rate (CAGR) of 6.2% The global market for LD NGVs varies significantly depending on the region and country. between 2012 and 2019, reaching 3.2
A new report from Pike Research forecasts that the global natural gas vehicle (NGV) sector is poised for a new period of growth. Globally, Pike Research forecasts that the NGV market will grow at a CAGR of 5.5% million in 2008. to reach just more than 3 million vehicles (including conversions) by 2015.
million unit global NGV market which we forecast will expand at a compound annual growth rate (CAGR) of 7.9% The growth in vehicles will lead to growth in usage of natural gas for transportation fuel, which Pike expects to reach 19,123 million cubic meters of gas globally (6.7% million vehicles per year in 2010 to more than 3.2
The International Energy Agency’s (IEA’s) Oil Market Report (OMR) for December raised the estimate of global oil demand for 2013 by 130,000 barrels per day (130 kb/d) to 91.2 Global demand is now seen advancing by 1.2 Global oil supplies increased by 310 kb/d in November to 92.3 Global refinery crude runs plunged to 73.6
Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA).
Today the Wall Street Journal (subscription required) reports "Soaring Energy Use Puts Oil Squeeze on Iran." Iran may start rationing gasoline as soon as next month, and its oil exports could dry up in as little as a decade. The stagnation of Iran's oil industry presents a potential crisis for the country and the global oil market.
Stavrakou and her colleagues used satellite measurements of air quality to estimate the changes in nitrogen dioxide pollution over the major epicenters of the outbreak: China, South Korea, Italy, Spain, France, Germany, Iran and the United States.
Asia is expected to register the highest refinery Fluid Catalytic Cracking Units (FCCU) capacity additions globally between 2022 and 2026, accounting for approximately 48% of the total capacity additions by 2026, according to GlobalData, a data and analytics company. —Teja Pappoppula.
In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. WTI, the US light crude, covers 60% of global growth. also rose in Brazil and Norway.
The global natural gas vehicle fleet has grown rapidly in the last 10 years, but still represents less than 1% of global transport fuel consumption. The global fleet of NGVs consists largely of passenger cars/LDVs, although there are some regional differences. Click to enlarge. gas sources, such as biogas or bio-synthetic gas.
As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.
The implication is that global oil stocks have built solidly in the first half of 2012, albeit the recent trend in OECD countries has been downward. Global oil supply grew by 0.3 Global oil output stood 2.6 Global refinery crude run estimates for 3Q12 have been lowered by 0.3 3Q12 global throughputs now total 75.5
Chokepoints are narrow channels along widely used global sea routes, some so narrow that restrictions are placed on the size of vessel that can navigate through them. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d in 2009-2010. —US EIA.
The ‘Fragile Five’ petrostates—Iran, Iraq, Libya, Nigeria and Venezuela—continue to see supply disruption potential, with northern Iraq crude exports at risk due to an escalation of tensions between the (Kurdistan Regional Government), Baghdad and Turkey, while the United States has decertified the 2015 Iran nuclear deal,” U.S.
Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 In Iran and Mexico, the loss of production is primarily due to political factors. Source: Maugeri 2012. Click to enlarge.
Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. After that point, when the shale revolution peters out, oil markets revert to their old ways—that is, looking to the Middle East once again to meet global demand. China and India.
However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). The EIA even predicts that OPEC’s net oil exports (excluding Iran) could fall to as low as $380 billion in 2015. Iran Nuclear Deal: A warning sign for OPEC?
But the collapse of prices in July—owing to the Iran nuclear deal, an ongoing production surplus, and economic and financial concerns in Greece and China—have darkened the mood. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary.
million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. —Eklavya Gupte, senior editor for S&P Global Platts. million b/d in June in order to meet domestic demand.
Borgward will systematically continue to globalize its activities by entering the markets of Middle Eastern countries such as Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE), and Iran. In this region, we expect especially strong momentum to come from Iran. — Ulrich Walker, CEO of Borgward Group AG.
Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam. Nissan introducing new Datsun in Indonesia. —Andreas Schlosser, Ricardo Strategic Consulting managing director for Central Europe.
out in the second quarter of 2014, global oil demand growth has since steadily risen, with year?on?year mb/d, bringing global demand to an average 93.5 mb/d, bringing global demand to an average 93.5 Global supply rose by 1.3 mb/d, as losses in Libya and Iraq offset higher supply from Saudi Arabia, Iran and Angola.
million units2 sold in 2016, as the company expands its product range, including in LCV and new electric vehicles and builds on success of its global access range. Growing market opportunities in Brazil, India, Iran. Groupe Renault key assets: Globalizing light commercial vehicle (LCV) range; becoming a top global player.
MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. Globally, natural gas vehicles are a small fraction, on the order of 1%, of the close to 900 million vehicles in the vehicle parc.
These results are exceptional, and they demonstrate the value of pairing global-scale perspective with the resolution required to identify methane point sources, down to the facility scale. The team also identified a methane plume south of Tehran, Iran, at least 3 miles (4.8 kilometers) long, from a major waste-processing complex.
In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. This increase in output occurs with the context of a narrow global demand opportunity.
Pike Research forecasts that the NGV market will grow globally at a CAGR of 5.5% The top five markets for NGVs are currently Pakistan, Argentina, Brazil, Iran, and India. Cleantech research firm Pike Research forecasts growth in natural gas vehicles (NGV) on the road worldwide to 17 million units by 2015, up from 9.7 million in 2008.
Krane said the most encouraging example of reform efforts is that of Iran, the first country in the world to replace major subsidies with a universal cash transfer program for households. Indonesia, for example, after failed attempts in 1997 and 2003, successfully raised fuel prices in 2005 and 2008.
According to the latest available figures from the GECF Global Gas Outlook 2050, natural gas production in the Central Asian Republic is set to increase by 78% to reach the level of more than 141 billion cubic metres (bcm) by 2050, at a remarkable annual growth rate of 1.9%.
Moody’s Investors Service sees the contraction as too little to make a significant dent in the global supply gut. Moody’s sees global oil production rising by 1 million barrels per day in both 2015 and 2016. The ratings agency cut its forecasted oil price for 2016 to just $48 per barrel. rig count has declined by more than half, U.S.
The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? by Gaurav Agnihotri for Oilprice.com.
The global market for sensors used in internal combustion engines (ICE) is on the road of steady growth for the next few years, propelled by increasing utilization in engine management and exhaust aftertreatment, according to a new report from IHS Technology. IHS projects that sensor shipments for ICEs will top 1.34 billion in 2013.
More oil bulls are piling on in anticipation of the April OPEC meeting , on an unfounded belief that the production freeze may actually have any material impact on global oil supplies. Iran also continues to add production, albeit at a slower-than-expected rate. In fact, the rally to $40 was largely driven by speculation.
& "The major players in the global economy, Europe, the U.S. With the global situation looking increasingly hectic and economies in varying degrees of disarray, there are a lot of questions about the future landscape of business. & This puts Germany in a difficult position, especially automotive manufacturers. influence.&
The American automaker has been strengthening its global supply chain to support localized production. The United States has labeled China, Russia, North Korea, Iran, and other countries as nations of concern. For electric vehicles (EVs) sold in the U.S.
Global Supply and Demand Fundamentals Continue to Worsen. This is part of overall weak demand in a global economy that has been severely weakened by debt. With Iran poised in early 2016 to add almost as much oil as the amount of the US production decline to date, the outlook for tight oil producers could not be worse.
With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran’s crude oil supply would further contribute to the already rising global supply glut. By Gaurav Agnihotri for Oilprice.com.
For Iran, the only other OPEC country for which the IEA provides domestic demand data, the increase in exports, 0.7 Interestingly, also, the Saudis increased their share of OPEC average daily output in the first half of 2015 over 2014 average daily volume—and their share of average daily global output. percentage points.
adding more satellites to its network, seeking exemptions so that they can service Iran) that it has helped raise awareness or bolster curiosity about it.”. million times globally since January 2021. “It’s possible that because Starlink has been in the news lately (e.g. Ukraine, and Canada.
US sanctions targeting China's telecommunications giant Huawei Technologies have crippled the company, effectively forcing it out of the global smartphone market and now threatening its domestic phone business as well. What's at stake is control of international 5G networks, which are expected to transform global communications.
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