Monsoon to wash away diesel demand surge
India’s monsoon is expected to dump above-average rainfall on the South Asian nation after two years of drought, cutting its use of diesel for irrigation pumps and generators over the Continue Reading
Gasoline appeal fades as refiners chase the next profit boost
Just as drivers hit the road for summer holidays, refiners are turning the taps down on gasoline as a global excess cuts into their profits. Refiners in Europe, Asia and Continue Reading
In China, Venezuela Default Talk Is Front-Page News
Whether crisis-ridden Venezuela will default is a question increasingly on the minds of bond traders. It’s now also one that is getting front-page treatment from China, one of the Latin Continue Reading
China’s March to Biggest Oil Importer Hits U.S. Shale Roadblock
The world’s biggest oil importer. The title nobody wants. For decades the U.S. held undisputed rights to the crown. Last year, China squeaked ahead for the first time amid growing Continue Reading
Coal use plunges as China cuts back and US turns to gas
The world’s use of coal fell by the largest amount on record last year as the fossil fuel that powered the industrial revolution was struck by tumbling US gas prices Continue Reading
Chinese Investors Looking To Dethrone Tesla As Electric Car Kingpin
Electric Vehicle Charging Tesla is still a synonym for luxury electronic vehicles (EV), but this may change in the not-too-distant future as fresh competition emerges—not just from the likes of Continue Reading
Canadian gas exports expected to drop
Even with the addition of exports of liquefied natural gas, exports from Canada are expected to drop off substantially in the years ahead, a regulator said. Canada relies heavily on Continue Reading
Plans for Electric Planes Gain Traction
The National Aeronautics and Space Administration is poised to designate an all-electric plane concept as its newest, futuristic aircraft in the biggest boost yet for the idea of building airliners Continue Reading
Environmental Groups Change Tune on Nuclear Power
Some of the nation’s most influential environmental groups are softening their longstanding opposition to nuclear power, marking a significant shift in the antinuclear movement as environmentalists’ priority shifts to climate Continue Reading
Local Motors debuts first self-driving vehicle using IBM Watson Internet of Things for Automotive
Local Motors, creator of the first 3D-printed cars ( earlier post ), introduced the first self-driving vehicle to integrate the advanced cognitive computing capabilities of IBM Watson. The vehicle, dubbed Continue Reading