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Saudi Arabia And Iran Reignite The Oil Price War

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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.

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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

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In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 The new refinery projects would increase production of refined products, such as gasoline and diesel, and in turn, they might reduce the current high prices for these products. million b/d in 2023.

Asia 418
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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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. In its June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 million b/d in 2022 and by an additional 1.6

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Oil Prices Running Out Of Reasons To Rally

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Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. percent in intraday trading on Monday, after a report at the end of last week showed another solid build in the US rig count, the tenth consecutive week that the oil industry added rigs back into the field.

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Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

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In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. Energy Subsidy Reform in the Persian Gulf: The End of the Big Oil Giveaway” was co-authored by Jim Krane, the Wallace S.

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

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The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. Territories that were largely desert in the middle of the 20th century are now thriving oil economies. Until green hydrogen becomes price competitive, it cannot fulfil its promise. Many more will follow.

Fusion 170
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Oxea launches new phthalate-free plasticizer as C8/C10 trimellitate replacement

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This results in continuously increasing prices and unreliable availability for the corresponding plasticizer. Other application areas include non-fogging automotive interior, special sheets, profiles and gaskets and base stock for lubricating oils. Oxea is owned by Oman Oil Company S.A.O.C.

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