Remove Market Remove Oil Remove Oman Remove Supplies
article thumbnail

Saudi Arabia And Iran Reignite The Oil Price War

Green Car Congress

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. a barrel premium over the Dubai/Oman average.

article thumbnail

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

Green Car Congress

Associated sanctions on Russia—with more than 5 million b/d in crude oil processing capacity—disrupted exports of Russia’s refined products into the global market, and will likely continue to do so as import bans in the European Union and United Kingdom come into full force. million b/d in 2022 and by an additional 1.6

Global 448
article thumbnail

GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. Sentyurin also acknowledged the role of Turkmenistan as one of the founders of the Forum, the 20 member countries of which today represent 71% of proven gas reserves, 45% of its marketed production, 53% of pipeline, and 60% of LNG exports across the world.

article thumbnail

Plug Power expands hydrogen supply chain partner network in Spain with CLH

Green Car Congress

Through the agreement, CLH will develop hydrogen production assets and downstream markets in Spain, in the industrial, mobility and power production/storage sectors for distribution to Plug Power customers throughout Europe. Plug Power Inc., The CLH Group is a leading international company in the transport and storage fuel products in Europe.

Spain 186
article thumbnail

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d was crude oil. million bbl/d in 2009-2010. —US EIA.

Oil 297
article thumbnail

Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

Green Car Congress

The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. We are delighted to be partnering with the CCC to open this new market. Territories that were largely desert in the middle of the 20th century are now thriving oil economies. Many more will follow.

Fusion 170
article thumbnail

Oxea launches new phthalate-free plasticizer as C8/C10 trimellitate replacement

Green Car Congress

C8/C10 trimellitates are predominantly used in this application area, but the supply situation for the natural C8/C10 alcohols from which they are derived is very difficult. Other application areas include non-fogging automotive interior, special sheets, profiles and gaskets and base stock for lubricating oils.

Oman 150