Green Car Congress

JULY 21, 2022

Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan. The refinery’s return is likely to decrease petroleum product prices and increase supply, particularly in south and southeast Asian markets.

Global 448

Global China Kuwait Oman 448

Green Car Congress

APRIL 4, 2011

If half of this flare gas (25 bcm per year) was captured and sold at prevailing domestic prices in Russia, the economic opportunity may exceed US$2 billion (65 billion rubles). Although Nigeria has reduced flare gas emissions by 28% from 2000 levels, the country’s oil industry still wastes 15bcm of natural gas every year.

Waste 260

Waste Gas Equatorial Guinea Gas-Electric 260

Green Car Congress

OCTOBER 6, 2015

Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ). by Dalan McEndree for Oilprice.com. percent of GDP in 2014. Natural gas data from Gazprom).

Russia 150

Russia Saudi Arabia Iran Iraq 150