China’s exports plummeted in the first two months of the year as the coronavirus outbreak disrupted global supply chains, damped business activity and blocked transport across the world’s second largest Continue Reading
Crude purchase plan for June deliveries delayed **March/April likely to see slower crude imports amid outbreak China’s crude oil imports posted a 3.4% year-on-year growth for January and February, despite Continue Reading
Growth in China’s natural gas imports, including piped gas and LNG, slowed to 2.8% over January-February from 18.5% a year ago as the coronavirus outbreak further exacerbated a demand slowdown Continue Reading
China’s Ministry of Industry and Information Technology of China (MIIT) has verified Xpeng’s P7 electric sports sedan’s driving range to be NEDC 706 km (439 miles). It is the longest Continue Reading
General Motors Co. has made close to $50 billion in adjusted net income over the past five years, while Tesla Inc. has lost close to $5 billion. Yet investors believe Elon Musk’s carmaker is the stock Continue Reading
U.S. coal use plunged more than 13% in 2019, the most in 65 years, as power plants shut down across the country. That’s poised to happen again this year. Total Continue Reading
Don’t count on America’s oil giants to join their rivals across the pond in ambitious efforts to cut carbon dioxide emissions. On Thursday, Exxon Mobil Corp. Chief Executive Officer Darren Woods dismissed the Continue Reading
From 2020 through 2025, GM plans to invest more than $20 billion—more than $3 billion annually, on average—toward electric-vehicle programs. And by the middle of the decade, the company aims Continue Reading
The Trump administration is weighing tax relief for airline, cruise and travel industries to help such companies cope with a growing coronavirus outbreak that has dried up bookings, a source Continue Reading
U.S. retailers face an estimated $700 million sales hit from the coronavirus and some shipping lines are sending vessels to retrieve empty cargo containers from Los Angeles to prevent further Continue Reading
