The slowdown in China’s electric vehicle sector could have knock-on effects on the battery metals market in both the short and long run, commodities analysts at Argus Media said in Continue Reading
International seat capacity has dropped by almost 80% from a year ago and half the world’s airplanes are in storage, new data shows, suggesting the aviation industry may take years Continue Reading
While electric vehicles are often touted as the climate-friendly green alternative to standard combustion engines, there are some people that question whether this is really the case, or if it Continue Reading
China will extend the subsidies and tax exemption provided for the purchase of new energy vehicles, which was due to be removed by the end of this year, for another Continue Reading
More states are imposing special registration fees on electric vehicles, sparking complaints that the levies undermine efforts to get consumers to embrace alternative-fuel cars. Twenty-eight states charge from $50 to Continue Reading
The COVID-19 pandemic has been a bane to vehicle producers in Asia, but the industry’s reaction is just the tip of a supply chain disruption as heightened demand destruction to Continue Reading
NASA has released a series of concept images of the all-electric X-57 Maxwell airplane ( earlier post ), showcasing aspects of its final Mod IV configuration during different flight modes. Continue Reading
The global spread of the coronavirus will cause oil demand to drop by roughly 20 million b/d to about 80 million b/d this year, Fatih Birol, executive director of the Continue Reading
Global oil demand could fall by about 20 million barrels per day , EIA’s Executive Director, Fatih Birol said in a Thursday press briefing, according to Bloomberg. As 3 billion Continue Reading
Global oil demand could plummet by 18.7 million bpd in April, deepening an expected demand plunge of 10.5 million bpd for March, Goldman Sachs said, while the coronavirus pandemic continues Continue Reading
With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day (bpd) amid the Covid-19 crisis, Continue Reading
The world is awash in crude oil, and is slowly running out of places to put it. Massive, round storage tanks in places like Trieste, Italy, and the United Arab Continue Reading
Saudi Arabia has promised a flood of cheap oil to Europe as it aims to hit its former ally Russia in its own backyard, but it looks like demand for Continue Reading
Demand for gasoline in the United States fell by 859,000 bpd, the Energy Information Administration (EIA) said in its weekly petroleum status report . According to Reuters, this is the Continue Reading
The Trump administration will continue to urge Congress to appropriate $3 billion to fill the Strategic Petroleum Reserve with US crudes after lawmakers removed the plan from a coronavirus relief Continue Reading
U.S. electric carmaker Tesla Inc ( TSLA.O ) plans to slash on-site staff at its Nevada battery plant by around 75% due to the coronavirus pandemic, the local county manager Continue Reading
The Grand Princess cruise ship docked at Oakland, Calif., after two men who were on the coronavirus-stricken cruise ship died from the virus. (Ben Margot/AP) The cruise industry, particularly Carnival-owned Continue Reading
Freight services on passenger planes to boost revenue as the U.S. Senate unanimously passed a bill to give its carriers $58 billion in aid, including payroll support. The passenger travel Continue Reading
Early figures are suggesting that the outbreak of Covid-19 could have a significant impact on global oil demand, with Arij van Berkel, a director at US-based research firm Lux Research Continue Reading
The hit would amount to a more than 40 percent fall in revenues from 2019, Iata, the industry trade body warned on Tuesday. It is up from a prediction of $113bn Continue Reading
But amid the quickly spreading pandemic and mandatory stay-at-home orders covering some 80 million U.S. residents, airline executives, pilot-union leaders and federal transportation officials said they increasingly view as inevitable Continue Reading
Widening curbs on travel to contain the spread of the coronavirus led airlines to ramp up flight cancellations on Monday, with new restrictions spanning Australia, New Zealand, the United Arab Continue Reading
Only about 20% of land-based storage for the product remains — about 50 million barrels — while airlines cut flights, according to Vienna-based consultant JBC Energy GmbH. A collapse in air Continue Reading
Crude oil futures are set to finish the week sharply lower despite a two-day counter-trend rally on Thursday and Friday. The price action suggests that even tremendous levels of monetary Continue Reading
Global oil demand is set to plunge by more than 10 percent from the typical 100-million-bpd consumption, as the raging coronavirus pandemic forces countries into lockdown, according to the world’s Continue Reading
Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cutting by one million barrels Continue Reading
The world’s crude oil supply is rising even as demand is cratering. Some parts of the economy are grappling with pandemic-driven shortages. The oil industry has the opposite problem: so Continue Reading
In China, the shutdowns to contain COVID-19 have stalled so many industries and kept so many vehicles off the road that the virus has indirectly saved lives by cutting down Continue Reading
American Airlines Group Inc. is launching its first scheduled cargo flight since 1984 on Friday, with two round-trip flights over four days between Dallas-Fort Worth International Airport and Frankfurt on Continue Reading
Initial tests of in-road charging for electric trucks on a stretch of Swedish road have been successful, according to project managers. The scope of testing will now increase, encompassing more Continue Reading
Tesla Inc said on Thursday it will suspend production at its San Francisco Bay Area vehicle factory on March 24, ending a standoff with California authorities concerned about the spread Continue Reading
Sydney-based consultancy CAPA Centre for Aviation warned in a statement on Monday morning that most of the world’s airlines will be bankrupt by the end of May. Airline carriers are suspending routes for Continue Reading
In just one month, the coronavirus outbreak blew out to a full-on pandemic, threatening to tip the global economy into recession and affecting every country, industry, and supply chain. Many Continue Reading
As major economies go into lockdown, oil demand continues to fall off a cliff. On Monday, WTI fell into the $20s. “The additional quarantine measures imposed in France, Spain and Continue Reading
Major airlines sought a U.S. government bailout of more than $50 billion as the White House move urgently drafting a financial assistance package in the wake of the steep falloff Continue Reading
Airlines made unprecedented cuts to flights, costs and staffing on Monday, stepping up calls for emergency aid as coronavirus lockdowns and new travel restrictions hit more major routes. Already battered Continue Reading
Airlines around the world said they would make more drastic cuts to their flying schedules, shed jobs and seek government aid after countries further tightened border restrictions because of the Continue Reading
The airline industry is warning that it must shed jobs and obtain state support to survive the coronavirus crisis, as a respected aviation consultancy predicted that most of the world’s Continue Reading
U.S. Treasury Secretary Steven Mnuchin on Sunday said he was in close touch with Congress about helping U.S. airlines weather a massive downturn in business due to sweeping travel restrictions Continue Reading
Surging shale production and growing global demand for light low-sulfur oil helped U.S. crude exports to soar by 45 percent year on year in 2019, reaching an average of 2.98 Continue Reading
Infrastructure plans help EV adoption Views differ on price war’s EV sales impacts Houston — As states such as Florida adopt electric vehicle infrastructure legislation, electric utilities face uncertainty about Continue Reading
This is my latest update on the recent changes in the number of registered vehicles in the United States. In the previous analysis , I examined the data from 1984 Continue Reading
Jet fuel differentials on the Gulf and Atlantic coasts plunged to fresh lows Wednesday following news that the US Federal Aviation Administration will suspend minimum slot-use requirements at three major Continue Reading
A majority of European citizens would support a ban on short-distance flights to fight climate change, according to a survey the European Investment Bank (EIB) said on Tuesday. Of 28,088 Continue Reading
Airlines detailed the growing impact of the coronavirus by cutting more flights in domestic and international markets, parking planes, freezing hiring and reducing executive pay. American Airlines Group Inc. and Continue Reading
Global oil demand is set to drop this year for the first time since the financial crisis in 2009, the International Energy Agency (IEA) said on Monday, as it slashed Continue Reading
America’s nascent status as a net petroleum exporter is already at risk as plunging oil prices threaten domestic production and give a leg-up to world’s biggest producers. The U.S. only in Continue Reading
The oil markets have been anticipating a big impact on oil demand from the coronavirus outbreak. That’s why we have seen a 30 percent drop in the price of crude Continue Reading
The coronavirus has suddenly and unexpectedly created the biggest challenge for the global airline industry since 9/11. Bookings around the world are falling sharply. U.S. carriers are following Asian and Continue Reading
Until recently European auto executives regarded Tesla with something like bemusement. The electric car upstart from California was burning cash, struggling with production problems, and hedge funds were betting it Continue Reading
