As the coronavirus spreads fast outside China, dampening consumer and business sentiment, analysts continue cutting their forecasts of oil demand growth this year. In one of the latest downward revisions, Continue Reading
Crude oil demand during this quarter will likely register the largest decline on record, larger even than the slump that accompanied the 2008 financial crisis, IHS Markit has forecast . Continue Reading
Empty jumbo jets arriving at deserted airports. Masked passengers disinfecting their own seats. Stone-faced airline executives huddling with President Trump. With the coronavirus outbreak continuing to spread around the globe, Continue Reading
The coronavirus epidemic could cost passenger airlines up to $113 billion in lost revenue this year, an industry body warned on Thursday, more than three times a projection it made Continue Reading
The U.S. Energy Information Administration revealed Wednesday that U.S. crude oil exports averaged 2.98 million barrels per day last year. The U.S. Energy Information Administration (EIA) revealed Wednesday that U.S. Continue Reading
The use of fossil fuels such as coal and oil for generating electricity fell in 2019 in the United States, the European Union and India, at the same time overall Continue Reading
In Germany, the DeMoBat collaborative project is developing a robot-assisted dismantling factory for traction batteries and electric motors for EVs. These processes would constitute and important element of a resource-efficient Continue Reading
Oil product demand in Asia will grow by about 380,000 bpd this year, S&P Global Platts Analytics said this week. This is the lowest demand growth rate since 2009, the Continue Reading
China’s fuel exports are booming amid battered domestic demand due to the coronavirus outbreak, analysts and trade sources tell Reuters as higher Chinese exports flood the Asian market, which sees Continue Reading
About 42 percent of the miles driven by ride-hailing vehicles like Uber and Lyft are done between rides. This portion, called “deadheading”, is behind the increased emissions and congestion caused Continue Reading
