Oil Demand Won’t Bounce Back Anytime Soon
Oil demand is expected to be down by nearly 30 million barrels per day (mb/d) in April and down by almost 10 mb/d for the entire year, according to the Continue Reading
United cuts May flights by 90%, tells employees to brace for job cuts
United Airlines Holdings Inc ( UAL.O ) said on Wednesday that it has cut its flight schedule by 90% in May and expects similar cuts for June as a result Continue Reading
Tesla’s China car registrations surge in March as Shanghai factory back up
U.S. electric vehicle maker Tesla Inc’s ( TSLA.O ) China car registrations jumped 450% in March, month on month, data from auto consultancy LMC Automotive showed. Tesla’s China registrations rose Continue Reading
U.S. Joining Global Push Allowing Cargo Shipments in Passenger Jet Cabins
The new guidance is slated to be issued in the coming days, they said, and is expected to resemble earlier moves by carriers and foreign aviation authorities from Canada to Continue Reading
This Trend Will Reshape Power Generation In The Coming Decades
The decarbonization of electricity production around the world today may be seen as part of a technological shift. Everyone wants electricity or its immediate benefits like cell phone charging. And Continue Reading
EV Sales Crash, But Lithium-Ion Batteries Remain Highly Popular
A report by market analyst Roskill states that the slowdown in the Chinese EV market during H2-2019 and the covid-19 pandemic have had a significant impact on demand projections for Continue Reading
Could U.S. Airlines Be Nationalized?
With airlines facing a $250-billion loss in revenue for 2020 at a minimum, the additional $35 billion they might have to pay in the form of refunds over the next Continue Reading
As states use less coal for electricity, driving electric vehicles becomes even cleaner
Battery electric vehicles are only as clean as the energy source used to generate the electricity that powers them. The calculated relative amounts of well-to-wheels emissions of greenhouse gases from Continue Reading
Tesla Sets Sales Record In China Despite Coronavirus Crisis
Tesla has just had its best month in China, selling a record high number of electric vehicles in March despite a 41-percent plunge in overall car sales in the world’s Continue Reading
How the Coronavirus Pandemic Wiped Out Global Oil Demand
Global oil demand is being destroyed as the coronavirus forces people around the world to remain indoors and avoid all unnecessary travel. Currently, more than two-thirds of the world’s population are Continue Reading