Moscow, Russia has launched its 500 th electric bus—a KAMAZ 6282 electric bus. The KAMAZ 6282 uses lithium-titanate batteries, and has a range of 70 km on one charge. The Continue Reading
Crude oil futures fell during the mid-morning trade in Asia Nov. 13, extending overnight losses, after the US Energy Information Administration data showed a large build in US crude inventories, Continue Reading
Oil fell for a second day — dropping below $41 a barrel in New York — as the ongoing spread of coronavirus dampens the demand outlook. As well as the ongoing Continue Reading
Crude oil prices fell today after the Energy Information Administration reported an oil inventory build of 4.3 million barrels for the week to November 6. The authority also reported a Continue Reading
WTI Crude oil prices are expected to average $44.24 per barrel next year, the EIA said in its latest Short-Term Energy Outlook (STEO), with the forecast price not much higher Continue Reading
Oil dropped after an unexpected increase in U.S. stockpiles and a Federal Reserve warning that a vaccine may not be enough to get the economy back on track. Futures in New York Continue Reading
The International Energy Agency has trimmed its oil demand estimate for 2020 on the resurgence of coronavirus in Europe and the US and said it does not expect a “significant Continue Reading
For those who have been transfixed on oil demand forecasts over the last eight months, the recent news that Pfizer’s Covid-19 vaccine is 92% successful likely came with a renewed Continue Reading
Refinery conversion and closures: this is the shortest summary of things happening in the downstream industry right now. With the pandemic wreaking havoc on oil—and fuel—demand, refiners have found themselves Continue Reading
Refiners around the world have been announcing permanent closures of refinery capacity this year after the pandemic crushed fuel demand worldwide, and significant overcapacity still remains, the International Energy Agency Continue Reading
