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An OPEC Deal Extension Isn’t As Simple As It Sounds

Green Car Congress

OPEC producers—especially Saudi Arabia, which shoulders the biggest share of cuts—are desperately trying to maintain their most important market shares such as those in Asia , while measuring exports bound for other destinations in its attempt to comply with the production cuts. million barrels per day.

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Opinion: There Is No Such Thing As Peak Oil Demand

Green Car Congress

By the time that Saudi Arabia finally acted to protect not only its place among suppliers but also, and more importantly, the role of oil in the world economy. It also persisted long enough for new efficiencies to incubate towards maturity, and the Paris accords promised to further reduce carbon emissions through policy changes.

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Tesla’s Elon Musk shares new insights on “funding secured” tweet as messages with Saudi PIF are revealed

Teslarati

The Tesla CEO’s recent comments came as text messages between Musk and the Saudi Arabia Public Investment Fund Head were shared online. The text messages between Musk and the Saudi PIF Head Yasir Al-Rumayyan were revealed as part of a 300-page motion filed late last week by Alex Spiro, the Tesla CEO’s lead attorney.

Insight 98
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New self-propelled robotic device pinpoints leaks in pipes more accurately than existing methods

Green Car Congress

Researchers at MIT and King Fahd University of Petroleum and Minerals (KFUPM) in Saudi Arabia have devised a robotic system that can detect leaks in gas, oil and water pipelines at a rapid pace and with high accuracy by sensing a large pressure change at leak locations. A 4-inch pipe section is shown for reference.

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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

Nixon negotiated a deal with Saudi Arabia whereby in exchange for arms and protection, the Saudis would denominate all future sales of oil in US dollars. That may be a stretch, but Katusa’s US dollar reference shows that any developments that point to a move away from the dominance of the greenback are not going un-noticed.

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State Department releases final environmental impact statement on Keystone XL Pipeline Project; analysis of GHG emissions

Green Car Congress

Comparison of the percent differential for WTW (well-to-wheel) GHGs from gasoline produced from WCSB oil sands using different production processes relative to gasoline produced from reference crudes. The top four suppliers were Mexico, Venezuela, Saudi Arabia, and Nigeria. Source: FEIS, Appendix V. Click to enlarge.

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Markets Roundup December 2020

EV Sales

and Italy (+248%). By Volume Growth rates are important, but even more fundamental is the volume increase, and in this case it wasn't China making the headlines, as the 103.000 more units being sold in 2020 than in the previous year weren't enough to beat the 285.000 units(!!!)

2020 52