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Refineries in the Americas produce a greater share of gasoline per barrel of crude oil than refineries in other world regions

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The International Energy Agency’s Monthly Oil Statistics shows that there are differences in refinery output throughout the world. Source: International Energy Agency, Monthly Oil Statistics, February 2020, Paris, France., When processing petroleum, refineries can produce products in varying amounts to meet regional demands.

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Turkey begins work on $15B Canal Istanbul

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Turkey has begun work on Canal Istanbul , a $15-billion canal project intended to relieve pressure on the Bosphorus Strait, with the ground-breaking for the first bridge. Both waterways are located in Turkey and supply Western and Southern Europe with oil from Russia and the Caspian Sea region.

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

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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.

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IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

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An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million (US$12.8

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Petrobras Signs MoU with Turkish National Oil Company On Black Sea Deepwater Drilling

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Brazil’s Petrobras signed a Memorandum of Understanding with the Turkish Petroleum Corporation (TPAO) with the aim to expand deep-water exploration research in the Black Sea region of Turkey. At the end of December 2009, Petrobras announced the arrival of the Leiv Eiriksson drilling rig to Turkey this Thursday.

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

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However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. Unless addressed, pipeline security issues will impede investment in Turkey, Bartis suggested. Earlier post.).

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The 5 Countries That Could Push Oil Prices Up

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Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. bank Citi said. “The