Green Car Congress

JUNE 26, 2022

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

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Oil Libya Global Russia 259

Green Car Congress

NOVEMBER 15, 2014

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.

Oil 257

Oil Iraq Oil-Sands Supplies 257

Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). 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 Source: Maugeri 2012.

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Oil Oil-Sands Price Production 261

Green Car Congress

JULY 30, 2017

A new class of materials which are suitable agents for displacing oil in enhanced oil recovery operations has been developed by scientists at Swansea University (UK) and scientists at Islamic Azad University in Iran. There, they used a 5-spot glass micromodel to evaluate the suitable agents for oil displacing in EOR.

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Iran Oil Oil-Sands Universal 150

Plugs and Cars

FEBRUARY 20, 2007

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. What it uses it can't sell.

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Iran Oil Electric Cars Cars 100

Green Car Congress

AUGUST 11, 2012

The International Energy Agency’s August Oil Market Report (OMR) trims 2012/2013 oil demand expectations by 300-400 thousand barrels per day (kb/d), although annual growth remains in an 800-900 kb/d range both years. Highlights of the August OMR include: Sluggish economic growth could restrict annual oil demand growth to 0.9

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2013 2012 Oil Iran 236

Green Car Congress

OCTOBER 12, 2012

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). The oil market is at a crossroads.

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Oil Oil-Sands Global Oil Prices 255

Green Car Congress

OCTOBER 26, 2017

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. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. bank Citi said. “The

Oil Prices 170

Oil Prices Oil Libya Iraq 170

Green Car Congress

APRIL 20, 2019

Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% Canadian production also increased on an annual basis (+8.1%), due to robust production of crude oil, while Mexico’s production continued to fall (-6.3%). or 105 Mt in 2018 compared to 2017. in 2018 compared to 2017.

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2018 Oil United Kingdom Asia 220

Green Car Congress

JULY 30, 2019

Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

Oil 170

Oil Saudi Arabia 2018 Global 170

Green Car Congress

MAY 22, 2012

Iranian oil officials announced that the in-place reserves of a newly found oil field in the Caspian Sea may contain 8 to 10 billion barrels of oil—i.e., After 104 years this is for the first time oil is erupted in Caspian Sea waters during drilling operations. supergiant field class. —Ali Osouli.

Oil 186

Oil Iran Water Gas 186

Green Car Congress

DECEMBER 11, 2013

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 oil supplies increased by 310 kb/d in November to 92.3 Global demand is now seen advancing by 1.2 mb/d in both 2013 and 2014, to reach 92.4

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United Arab Emirates 2014 Oil Supplies 220

Green Car Congress

MARCH 26, 2014

In September 2013, China’s net imports of petroleum and other liquids exceeded those of the United States on a monthly basis, making it the largest net importer of crude oil and other liquids in the world, according to figures from the US Energy Information Administration (EIA). million barrels per day, primarily from tight oil plays.

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United Arab Emirates Sudan Saudi Arabia China 261

Green Car Congress

AUGUST 13, 2015

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. The Saudis obviously miscalculated the degree to which their shift would negatively impact oil prices.

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Saudi Arabia Oil Iraq Iran 150

Green Car Congress

AUGUST 11, 2015

Under a project to deliver a new generation of green transport fuel, researchers the Islamic Azad University in Iran have produced biodiesel from flixweed seed oil. Alami said experiments with the crop revealed it contained 22% of oil and a fatty acid composition which makes it apt for being turned into a biofuel and biodiesel. (A

Oil 150

Oil Lithuania Iran Africa 150

Green Car Congress

OCTOBER 14, 2015

Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the U.S. China also made large investments in Saudi Arabia’s oil refining industry as well.

Oil 150

Oil China Pakistan Gas 150

Green Car Congress

MARCH 13, 2015

out in the second quarter of 2014, global oil demand growth has since steadily risen, with year?on?year mb/d for the current quarter, according to the IEA Oil Market Report for March. mb/d, as losses in Libya and Iraq offset higher supply from Saudi Arabia, Iran and Angola. Having bottomed?out year gains estimated at around 0.9

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2015 Oil Saudi Arabia Market 150

Plugs and Cars

MAY 11, 2007

From Saturday's New York Times story " Cheney, on Carrier, Sends Warning to Iran " Vice President Dick Cheney used the deck of an American aircraft carrier just 150 miles off Iran’s coast as the backdrop yesterday to warn that the United States was prepared to use its naval power to keep Tehran from disrupting oil routes.

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Oil Iran Iraq Financing 100

Green Car Congress

AUGUST 7, 2015

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. 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. by Nick Cunningham of Oilprice.com.

Oil 150

Oil Saudi Arabia Supplies Oil Prices 150

Green Car Congress

MAY 23, 2016

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. OPEC interactions have become a direct altercation between Saudi Arabia and Iran, with the remaining members reduced to mere observers.

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Saudi Arabia Iran Store Oil 150

Green Car Congress

FEBRUARY 25, 2016

Production in the UAE costs just over $12 per barrel, which is pretty much the same as in Iran, though Iranian officials say they will eventually be able to produce for as low as $1 per barrel from their central fields. But these are just the costs of lifting oil out of the ground. That’s just one opinion, but it’s a poignant one.

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Saudi Arabia Oil Oil-Sands Iraq 150

Green Car Congress

DECEMBER 5, 2018

million barrels daily, including from Russia, to reverse the free fall of oil prices. A recent report from Capital Economics said Saudi Arabia has its problems but it could withstand lower oil prices without feeling too much of a pinch. Saudi Arabia cannot afford another slump in oil prices,” he warns. “It Kemp agrees.

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Saudi Arabia Russia Oil Prices Oil 255

Green Car Congress

MARCH 24, 2016

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. US oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at nearly 9.7 That has sparked a renewed sense of optimism among oil traders.

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Oil Prices Oil Price North Dakota 150

Green Car Congress

MAY 4, 2016

Across the Gulf, Iran has taken similar steps. Energy Subsidy Reform in the Persian Gulf: The End of the Big Oil Giveaway” was co-authored by Jim Krane, the Wallace S. Wilson Fellow for Energy Studies at the Baker Institute, and Shih Yu “Elsie” Hung, a research associate in the institute’s Center for Energy Studies.

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United Arab Emirates Oil Saudi Arabia Bahrain 150

Green Car Congress

AUGUST 25, 2016

The official chatter is that the OPEC meeting in Algeria from September 26 to 28 could conclude with an agreement to freeze production by the member nations, with even Russia joining forces in a freeze that may prevent further oil price erosion. The oil-rich nation underestimated the resilience of the U.S. Saudi Arabia.

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Saudi Arabia Iran Algeria Oil Prices 150

Green Car Reports

DECEMBER 29, 2011

It's a truism of new-car sales: Gas prices go up, buyers focus more on gas mileage. Gas prices go down again, people forget all about fuel efficiency. Well, here's a gentle reminder about why you may want to focus on cars with high EPA ratings for gas mileage.

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Iran Oil Supplies New York 123

Green Car Congress

APRIL 10, 2015

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Venezuela’s Woes.

Saudi Arabia 150

Saudi Arabia Venezuela Iran Nigeria 150

Green Car Congress

SEPTEMBER 18, 2015

The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. OPEC and US crude oil production.

Oil 150

Oil Oil-Sands Oil Prices 2015 150

Green Car Congress

NOVEMBER 6, 2015

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

Oil 150

Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

JANUARY 20, 2011

Pike expects India to overtake Iran for the lean in NGV sales in 2014, and targets that market at 612,389 NGVs in 2016 (12.0% Iran and Pakistan are expected to rank second and third, respectively. CAGR between 2010 and 2016). China will see strong growth (20.8%

2016 218

2016 Global Iran Sale 218

Green Car Congress

JUNE 1, 2013

The US Securities and Exchange Commission (SEC) has levied a cease-and-desist order, accompanied by a $153-million disgorgement payment, against Total SA, the France-based oil and gas major, for violations of the Foreign Corrupt Practices Act. The Iranian Official was also a government advisor to a high-ranking Iranian official.

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2004 Iran Oil France 186

Green Car Congress

JULY 11, 2016

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 Nigerian production hit 30-year lows in May as militancy continued in the country’s oil rich Niger Delta. The situation remains volatile.

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Saudi Arabia 2008 Iran Nigeria 150

Green Car Congress

DECEMBER 11, 2009

Conversely, in Pakistan, Argentina, Brazil, Iran, and India—the top five markets for NGVs—there are a variety of light-duty NGVs available. In most regions, the use of natural gas as a transportation fuel is for the purpose of reducing the usage of imported crude oil or imported refined gasoline. Energy security. Availability.

2015 268

2015 Gas Fleet Global 268

Green Car Congress

JUNE 10, 2011

On a life-cycle basis this advantage is reduced, the MIT report notes, because the GHG emissions in production and distribution, including methane leakage, are greater for natural gas than for oil products. million bpd of oil. MIT: leaning toward conversion for light-duty vehicles. These include short-range, heavy-duty vehicles (e.g.,

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MIT Gas Transportation Future 299

Green Car Congress

AUGUST 23, 2022

—Teja Pappoppula, Oil and Gas Analyst at GlobalData. Duqm IV in Iran and Shahid Ghasem Soleimani in Oman are the two refineries that are likely to be the highest contributors in the region with 75 mbd of capacity each, which are expected to become operational by 2025.

Asia 195

Asia Global Oman Nigeria 195

Green Car Congress

MAY 5, 2014

Reform of energy subsidies in oil-exporting countries can reduce carbon emissions and add years to oil exports, according to a new paper from Rice University''s Baker Institute for Public Policy. Oil exporting regimes depend on export revenues to maintain control. —Jim Krane.

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Energy Iran Oil Indonesia 199

Green Car Congress

NOVEMBER 2, 2020

Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. According to Sentyurin, around 80% of the natural gas production by mid-century will stem from new projects, highlighting the importance of continued investment in upstream. —Secretary General Sentyurin.

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Turkmenistan Equatorial Guinea United Arab Emirates Gas 170