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
‘Perfect storm’ for airlines facing strong U.S. dollar and high oil prices
Global airlines are grappling with a double whammy from the rare combination of a strong U.S. dollar and high oil prices at a time when broad inflationary pressures and worker Continue Reading
Record number of travelers to hit U.S. roads for July 4 weekend -AAA
A record 42 million people around the United States are expected to hit the road for trips over the July 4 Independence Day weekend, AAA said Tuesday, absorbing historically high Continue Reading
As fuel prices surge, RV drivers take shorter trips, get vehicles delivered
Recreational vehicle renters in the U.S. are planning trips closer to home or having fuel-gulping motor homes delivered to their final destination in an effort to cut down on fuel Continue Reading
Global oil demand set to rise 2% to new high in 2023, says IEA
World oil demand will rise more than 2% to a record high of 101.6 million barrels per day (bpd) in 2023, the International Energy Agency said on Wednesday, although sky-high Continue Reading
UK to end plug-in vehicle grant to focus on expanding EV charging network
Highlights Grant was always temporary: government Supporting purchase of other road vehicles EV running-cost savings often exceed grant: minister The UK government has decided to close the plug-in vehicles grant Continue Reading
European official raises alarm about Russia flying Western-made airplanes
The European Union’s top aviation safety regulator said on Tuesday that he is “very worried” about the safety of Western-made aircraft continuing to fly in Russia without access to spare Continue Reading
Amazon to begin drone deliveries in Lockeford, California this year
Image caption, Amazon’s latest delivery drone, the MK27-2 Amazon says it will begin delivering parcels to shoppers by drone for the first time later this year, pending final regulatory approval. Continue Reading
EU lawmakers back ban on new fossil-fuel cars from 2035
European Parliament lawmakers on Wednesday voted to support an effective EU ban on the sale of new petrol and diesel cars from 2035, rejecting attempts to weaken the proposal to Continue Reading
Soaring Diesel Prices Could Accelerate The Electric Vehicle Boom
Diesel prices are weighing on the freight industry, and there is no end in sight. In 2021, the world’s first partially battery-electric freight train was unveiled in Pittsburgh, showing that Continue Reading
For Truck Drivers Across the U.S., Major Change Is Approaching Fast
The Petro Travel Center on Interstate 10 in Ontario, Calif., is one of scores across the country. At the front of the building are the things road trippers see when Continue Reading
Rivian’s Great EV Expectations Meet the Harsh Reality of Manufacturing
At Rivian RIVN -5.48%▼ Automotive Inc.’s factory in Normal, Ill., life is anything but. Car factories around the world routinely churn out models around the clock. About eight months after production on Rivian’s electric Continue Reading
Buick commits to all-electric portfolio by end of decade; unveils Wildcat EV concept
Buick is committing to an all-electric portfolio by the end of the decade. In support of General Motors’ vision of a zero-emissions, all-electric future, Buick will bring its first electric Continue Reading
Exclusive: Feeling ‘super bad’ about economy, Musk wants to cut 10% of Tesla jobs
Tesla (TSLA.O) CEO Elon Musk has a “super bad feeling” about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email Continue Reading
Ford to Create Thousands of Factory Jobs, Invest $3.7 Billion in EV, Gas-Engine Production
Ford Motor Co. plans to add 6,200 union manufacturing jobs and invest $3.7 billion into plants in Michigan, Ohio and Missouri, as it looks to expand vehicle production and prepare Continue Reading
Electric vehicles accelerate China’s looming dominance as a car exporter
The opening of Tesla’s Shanghai factory in 2019 was a breakthrough for electric vehicles and for overseas carmakers: it was the first wholly foreign-owned plant in the world’s largest car Continue Reading
Supply Snags Threaten EV Revolution, Top Toyota Scientist Says
Surging battery prices and shortages of metals and materials are likely to last for some time, Toyota Motor Corp.’s chief scientist warned trends that could weigh on the world’s embrace Continue Reading
Race for Cheaper EVs May Face Years-Long Setback on Metal Costs
A surge in battery metal prices means it could take several years longer for electric vehicles to become as affordable as conventional cars, according to BloombergNEF. Prices of lithium, cobalt Continue Reading
EV Sales Will Triple by 2025 and Still Need More Oomph to Reach Net Zero
Electric vehicle sales are poised to more than triple by 2025, and yet governments and manufacturers need to lean even harder into eliminating emissions from road transportation by the middle Continue Reading
Oil’s Displacement as a Road Fuel Is About to Ramp Up, BNEF Says
The displacement of oil as a road fuel will accelerate through 2025 as the uptake of electric vehicles ramps up, according to a new report. Electric passenger car numbers are Continue Reading
Mercedes-Benz eActros LongHaul with 500 km range to enter production in 2024
Following the market launch of the eActros for heavy-duty distribution transport in 2021, Mercedes-Benz Trucks is systematically pressing ahead with the introduction of additional battery-electric models for this and coming Continue Reading
Car-Insurance Bills Are Rising, With More Increases to Come
Car insurers have struggled as driving and accidents have rebounded from pandemic lows. Car owners need to buckle up: Higher premiums are starting to arrive as insurers get state approval Continue Reading
Car-Insurance Bills Are Rising, With More Increases to Come
Car insurers have struggled as driving and accidents have rebounded from pandemic lows. Car owners need to buckle up: Higher premiums are starting to arrive as insurers get state approval Continue Reading
Flight Cancellations Pile Up Heading Into Memorial Day Weekend
U.S. airlines canceled hundreds of flights as a combination of severe weather and staffing challenges disrupted the start of Memorial Day weekend travel. More than 1,100 flights both within the Continue Reading
Is Pandemic Pain Finally Over For The Airline Industry?
Flight bookings are finally bouncing back to pre-pandemic levels, providing some much-needed good news for airline companies that have struggled to survive two years of demand destruction. A recent report Continue Reading
The Trouble With Lithium
Brine pools at the Albemarle Corp. Lithium mine in Calama, Chile The electric car market is driving insatiable demand for lithium. But a supply crisis of the wonder metal could Continue Reading
The Average Age of Vehicles on U.S. Roadways Hits a Record 12.2 Years
The average age of vehicles on U.S. roadways edged higher in 2021, hitting a record of 12.2 years, as Americans challenged by high car prices and slim pickings on dealer Continue Reading
Battery storage systems seen shifting toward more abundant elements than lithium
Highlights Lithium-ion to be used for short duration Increased power price volatility expected Cost and limits on the availability of key materials currently used in battery manufacture have set a Continue Reading
How to Make a City Safer for E-Bikes? Think Infrastructure
The invasion of Ukraine has put the US and Europe on a wartime mission to abandon Russian fossil fuels. This series looks at speeding up zero-carbon alternatives by lowering political Continue Reading
Airfares soar as Americans shrug off Covid and inflation to get away
US airlines are poised to raise ticket prices further as Americans shrug off the fastest rise in domestic airfares for decades in their determination to travel. Airfares rose by 18.6 Continue Reading
Ford Unloads Further 7 Million Shares of Electric-Vehicle Startup Rivian
The sale leaves Ford with about 86.9 million shares of Rivian, or a 9.7% stake, according to FactSet data. Rivian’s stock price sank earlier in the week following news of Continue Reading
Electric-Vehicle Startups Run Low on Cash After SPAC Deals
Several electric-vehicle startups that went public by merging with special purpose acquisition companies, or SPACs, in the last two years made some nervy disclosures this week. Canoo, the buzzy electric-van Continue Reading
The Biggest Problem With Flying Cars Is on the Ground
The companies developing electric vertical takeoff-and-landing vehicles all promise that their aircraft will drastically slash travel times by flying above traffic. But to fulfill that promise, their take-off and landing Continue Reading
With Airfare Prices Up Over 18%, You’ll Need More Than Luck to Find Cheap Flights
As summer approaches, the usual cost-saving tricks are no match for the current demand Travelers who haven’t yet booked summer vacations are left with tough choices: Pay steeper prices, find Continue Reading
As Energy Prices Soar, Weatherizing Homes Gains New Appeal
Even before home energy costs began spiking this winter, David Moon had faced eye-popping bills to keep his Westchester, New York, house warm as his monthly heating oil tab approached Continue Reading
Heat pumps, renovations could slash Europe’s Russian gas use -report
Extensive building renovations and the use of heat pumps could nearly halve Europe’s Russian gas use, researchers said on Friday, although industry groups said this would require a substantial increase Continue Reading
The Battery Boom Will Redraw Geopolitical Maps
The vulnerability of global energy markets is once again back in focus due to Russia’s invasion of Ukraine. The race for a renewable future will come with its own geopolitical Continue Reading
Apple Hires 31-Year Ford Veteran to Ramp Up Electric-Car Work
Apple Inc. has recruited a longtime Ford Motor Co. executive who helped lead safety efforts and vehicle engineering, a sign the iPhone maker is again ramping up development of an Continue Reading
CATL Retains Top Position as World’s Biggest EV Battery Maker
Contemporary Amperex Technology Co. Ltd. easily maintained its pole position as the world’s biggest maker of electric-car batteries as of the end of March with its share edging slighter higher Continue Reading
Demand Destruction Is Delaying An Oil Supply Crisis
Oil prices are on course for a fifth straight monthly increase despite significant demand destruction in China, a trend that highlights just how big the current supply problem is. Oilprice Continue Reading
These 3 Things Will Take a Big Bite Out of Oil Demand in 2022
‘Oil demand is set to shed 1.4 million barrels per day’. The ongoing war in Ukraine, Covid-19 lockdowns in China and surging commodity prices are going to take a significant Continue Reading