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

Green Car Congress

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. The refinery’s return is likely to decrease petroleum product prices and increase supply, particularly in south and southeast Asian markets.

Global 448
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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

While DoD and the services will have access to the wholesale fuel supplies they require, the purchase price may be uncomfortably high. As fuel consumers, DoD and the services have only one effective option to deal with high petroleum prices: to reduce use of petroleum fuels overall. Additionally, U.S.

Oil-Sands 225
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This Nigerian Startup’s Minigrid Began as a School Project

Cars That Think

After he graduated from the Federal University of Technology in Owerri, Nigeria, his plan was to get a high-paying job at one of the multinational oil and gas companies based in the country. To improve his chances, he worked as an intern for two of them. He began researching how solar energy technology worked.

Nigeria 71
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GE study finds 5% of worlds natural gas production wasted per year by flaring

Green Car Congress

It is becoming increasingly clear that the next phase of flare gas eradication will require a major, coordinated effort from central and regional governments, oil and gas producers, technology providers, and the international community. The role that each party plays differs by region. Advance local solutions. Expand access to financing.

Waste 260
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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

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
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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Nigeria or Algeria cannot do the same for their oil industry. G20 countries build a generous Green Climate Fund, well above the $100-billion-a-year goal in the Paris climate agreement. Fossil-fuel exporters rush to produce as much as they can, despite falling prices and constraints on trade. —Goldthau et al.

Carbon 207
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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

With the introduction of the Clean Car Discount in 2022, the skyrocketing prices of petrol and diesel across the country and the increasing number of electric vehicles available in New Zealand, we are seeing more EVs on our roads than ever before. Useful terms: Internal Combustion Engine Vehicle (ICEV) and Electric Vehicle (EV).