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The 5 Countries That Could Push Oil Prices Up

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Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in prices. by Nick Cunningham for Oilprice.com.

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EIA: China processed record amounts of crude oil in 2021 but exported less gasoline and diesel

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China’s crude oil processing has also declined because relatively high crude oil prices are making importing crude oil more expensive. They were not granted a second batch of export quotas until August, and those quotas were relatively low.

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NTU Singapore to develop technologies to extract hydrogen from liquid organic hydrogen carriers

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This collaboration comes at a timely moment, on the back of rising oil prices. NTU researchers will work closely with our partners to develop better catalysts, and more efficient reactors for extracting hydrogen. This will not only benefit its citizens, but also support the country’s vision of becoming a more sustainable nation.

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RedRock Biofuels to supply 3M gallons/year of renewable jet fuel to FedEx through 2024

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Red Rock’s first refinery, funded in part by a $70-million Title III DPA grant from the U.S. FedEx joins Southwest Airlines, which signed a purchase agreement with RedRock in November 2014 for about 3 million gallons per year, in purchasing Red Rock’s total planned available volume of jet fuel. Earlier post.).

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SDTC awards Nsolv $13M to commercialize warm solvent technology for heavy oil extraction; 80% reduction in GHG emissions

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Sustainable Development Technology Canada (SDTC) is awarding Nsolv $13 million in grant funding to commercialize its field-tested, proprietary warm solvent technology for in situ heavy oil extraction without the use of steam. Other extraction methods are not currently commercially viable at this scale. The technology.

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Quarter of firms looking to alternative fuels

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One in four business leaders have already making use of -or are considering introducing -alternative fuel vehicles to their business operations as oil prices remain stubbornly high.

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Australian techno-economic analysis of renewable aviation fuels identifies research priorities to lower the high costs

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The Queensland Sustainable Aviation Fuel Initiative was established in 2010 through a Queensland Government National and International Research Alliances Program grant that brought together a consortium of university biofuel experts and industry for the AU$6.5-million million project.

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