Russia Looks To Lure Asian Buyers With Higher Quality Crude
Russia has improved the quality of its flagship Urals crude grade in the past two months, making it lighter and sweeter, and even more attractive for buyers in Asia who Continue Reading
Beijing Offers Cash Subsidies to Spur Demand for New Energy Cars
China’s capital city is offering subsidies for purchases of new-energy vehicles to replace old cars, the latest attempt by local authorities to boost consumption in a slowing economy. The financial Continue Reading
Air Travel This Summer Is Expensive, Messy—and Booming
Staffing shortages, schedule changes and higher fares are adding new frustrations to the weather woes that often lead to travel turbulence in the U.S. during the summertime . Crowds are Continue Reading
Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow
High gasoline prices are prodding more people to consider an electric vehicle. But car shoppers are likely to face sticker shock at the dealership, too. Auto makers have been raising prices on Continue Reading
Airbus and Linde to cooperate on hydrogen infrastructure for airports
Airbus and Linde, a leading global industrial gases and engineering company, have signed a Memorandum of Understanding (MoU) to work on the development of hydrogen infrastructure at airports worldwide. The Continue Reading
Airports Around the World Battle Long Lines, Canceled Flights
Delays, cancellations, long lines and lost baggage are plaguing air travel world-wide, as airlines and airports struggle with soaring summer demand and staff shortfalls. London’s Gatwick Airport has told airlines Continue Reading
Airlines warn oil companies to speed up alternative fuel production
Major oil companies must speed up the development of alternative fuels crucial to the aviation industry meeting its 2050 net-zero emissions target or risk losing out to businesses that will, Continue Reading
U.S. Gasoline Demand Increasing, Not Waning
U.S. gasoline demand increased by 5.5 percent on Sunday compared to the previous Sunday and was 11.4 percent higher than the average U.S. demand of the past four Sundays, according Continue Reading
Here’s Why Global Oil Demand Slumped This Spring
World oil demand dropped in April to 97 percent of the 2019 level as demand in Asia weakened, according to data from the Joint Organisations Data Initiative (JODI) cited by Continue Reading
GM and Ford, Driving to Beat Tesla, Turn on Each Other
Mary Barra, General Motors Co.’s chief executive, spent weeks preparing for an onstage unveiling of the electric Chevrolet Silverado , GM’s big play in the fledgling market for battery-powered pickup Continue Reading