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
Global oil demand is set to fall 2.5 million b/d in the first quarter compared with a year earlier due to the coronavirus outbreak , with the “call” on OPEC Continue Reading
China’s Ministry of Industry and Information Technology of China (MIIT) has verified Xpeng’s P7 electric sports sedan’s driving range to be NEDC 706 km (439 miles). It is the longest Continue Reading
General Motors Co. has made close to $50 billion in adjusted net income over the past five years, while Tesla Inc. has lost close to $5 billion. Yet investors believe Elon Musk’s carmaker is the stock Continue Reading
From 2020 through 2025, GM plans to invest more than $20 billion—more than $3 billion annually, on average—toward electric-vehicle programs. And by the middle of the decade, the company aims Continue Reading
The coronavirus outbreak has led the world’s biggest oil traders to slash their projections for global demand growth to the weakest levels since the financial crisis, with many expecting consumption Continue Reading
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
