A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities. Oil majors, who’ve sold fossil fuels to cars for a century, are now moving into an Continue Reading
BP’s acquisition of Britain’s largest electric vehicle charging company gives the supermajor an edge in a changing retail segment, an analytics company said. The British energy company announced Thursday it Continue Reading
Tesla and General Motors are seeing the beginning of the end for crucial U.S. federal tax incentives needed to transition interested car shoppers into electric vehicle owners. The federal government Continue Reading
Electric vehicle makers and legacy automakers have launched in earnest the race to make such EVs so as to win over the public with increased range and powerful batteries. In Continue Reading
A severe truck driver shortage and newly implemented regulatory limits on drive time are making critical links in US logistics supply chains more costly, prompting companies to raise product prices Continue Reading
Teslas may not be any greener than their gasoline counterparts, research from UK-based climate data provider Engaged Tracking has suggested, based on data about the CO2 emissions linked to the Continue Reading
This week the 2018 BP Statistical Review of World Energy was released, which covers energy data through 2017. It is the definitive source for global energy production and consumption figures, Continue Reading
An OPEC technical panel has found that global oil demand is on pace to stay strong in the second half of this year, suggesting that the oil market could comfortably Continue Reading
A survey by American Energy Alliance reveals that most Americans are not in favor of paying for people’s electric vehicle purchases. The majority of American voters do not want to Continue Reading
California and eight other states are preparing to roll out a plan pressuring car companies and others to meet ambitious goals for sales of electric vehicles and other environmentally friendly Continue Reading
A team of political activists huddled at a Hardee’s one rainy Saturday, wolfing down a breakfast of biscuits and gravy. Then they descended on Antioch, a quiet Nashville suburb, armed Continue Reading
Without improvements to port facilities, the U.S. crude oil market could find itself increasingly landlocked, a market analyst said. The Organization of Petroleum Exporting Countries in their monthly market report, Continue Reading
OPEC may tout the production cuts pact as the key driver of oil market rebalancing, but if it weren’t for the strong global oil demand growth of the past three Continue Reading
The Toronto Transit Commission , the third largest transit agency in North America and the most heavily used system in all of Canada, purchased ten Proterra Catalyst E2 buses in Continue Reading
Automakers are looking for states to support electric vehicle sales and charging infrastructure development — regardless of what President Donald Trump and EPA Administrator Scott Pruitt end up deciding to Continue Reading
The Chicago Transit Board awarded a $32-million contract to Proterra for the purchase of 20 new, all-electric buses. The new electric buses will give the CTA one of the largest Continue Reading
Global oil demand has already started to show signs of weakening this year in response to higher oil prices, following another year of robust demand growth above the 10-year average, Continue Reading
U.S. Energy Information Administration, Petroleum Supply Monthly The United States exported 186,000 barrels per day (b/d) of jet fuel in 2017, the eleventh consecutive year of increasing gross jet fuel Continue Reading
Global oil demand growth was a much heralded sidekick to supply cuts that rebalanced the market in record time. Now the Saudi Arabia-Russia pronged pact is considering reversing course on Continue Reading
One of the hallmarks of the good life in developed countries is the freedom to move about as we choose in personal vehicles. However, as populous developing countries are gaining Continue Reading
The world’s biggest truckmaker says Silicon Valley should hit the brakes on expectations for self-driving lorries. Martin Daum, chief executive of Daimler Trucks, says it will take at least five Continue Reading
The growing adoption of electric vehicles (EVs) is expected to cost Germany’s key auto industry about 75,000 jobs by 2030, a study released Tuesday shows, with parts suppliers set to Continue Reading
The California Energy Commission School Bus Replacement Program is making up to $78.7 million in grant funding available for the replacement of California’s oldest school buses. (GFO-17-607) Additionally, the Energy Continue Reading
Andy Kunz, President and CEO of the US High Speed Rail Association (USHSR), shares the top 10 reasons for bringing high-speed rail to America. AMERICA stands at one of the Continue Reading
Volvo Cars said that by the middle of the next decade, it expects to generate half of all sales annually from fully electric cars; one third of all cars sold Continue Reading
U.S. crude exports surged to a record 1.76 million barrels per day (bpd) in April from 1.67 million bpd in March thanks to the rising discount for U.S. crude versus Continue Reading
The U.S. exported a record amount of oil and fuel in April, helping to narrow the nation’s trade gap while giving the economy a lift. The country shipped $19.9 billion Continue Reading
U.S. Energy Information Administration, Petroleum Supply Monthly Distillate fuel continued to be the most exported U.S. petroleum product in 2017, averaging 1.4 million barrels per day (b/d) of gross exports. Continue Reading
With spot arbitrages open for multiple US crudes like WTI and Mars in Europe and across Asia, US grades are capturing more market share overseas. * Discounted WTI backing Forties Continue Reading
Fiat Chrysler will phase out diesel engines in its passenger cars sold in the EMEA (Europe, Middle East, Africa) market by 2021, according to company executives presenting at FCA Capital Continue Reading
The global electric vehicle market is expanding, but the supporting metals and refining markets are exposed to risk, an IEA report found. A report from the International Energy Agency on Continue Reading
SoftBank Vision Fund will invest $2.25 billion in General Motors Co.’s driverless-car unit, as the auto maker battles technology companies and startups in a race to commercialize autonomous vehicles. GM Continue Reading
Waymo LLC plans to dramatically increase the number of driverless vehicles it has on the road in the coming years, announcing Thursday a deal to buy as many as 62,000 Continue Reading
SoftBank Vision Fund will invest $2.25 billion in GM Cruise Holdings LLC (GM Cruise), further strengthening the company’s plans to commercialize autonomous vehicle (AV) technology at large scale. GM will Continue Reading
Airline executives are gathering in Sydney’s winter chill under the shadow of higher oil prices and a string of accidents after enjoying a near-spotless 2017 in terms of profits and Continue Reading
BP’s $20m investment last week in StoreDot, the Israeli developer of ultra-fast-charging batteries, was small change in comparison with the billions of dollars poured into oil and gas each year Continue Reading
Wireless charging is finally making its way to market as an energy source for electric vehicles, with BMW readying to start production in July for release by the end of Continue Reading
Electric vehicle sales are finally starting to take off in larger numbers, surpassing 1 million in 2017 after growing 56 percent from a year before. By 2020, sales are expected Continue Reading
Electric vehicles will displace 2.5 million b/d of oil demand by 2030 on the back of increasing sales of EVs in all major car markets amid support from government policy Continue Reading
As Saudi Arabia and Russia grapple with both the geopolitics and economics of continuing or stopping their one and a half year long oil production cut reached between OPEC and Continue Reading
Increased U.S. crude oil exports to Asia, supported by a wide WTI-Brent spread, are eating into Asian market shares of OPEC and Russia, the cartel’s ally in the production cut Continue Reading
The price differential between WTI and Brent continues to widen, briefly hitting $9 per barrel on Monday, the largest discount in about three years. (Click to enlarge) Discounts of this Continue Reading
Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia Continue Reading
Sales of most fuels in Norway declined last year for the first time in almost a decade, after seven years with three-digit annual increases in EV sales. As of March, electric vehicles Continue Reading
Asian demand for North American crude oil looks set to increase further this week after a recent rally in physical Dubai prices, and the release of higher-than-expected Saudi Aramco official Continue Reading
The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up Continue Reading
The U.S. oil export infrastructure is straining to keep up as the country’s crude oil exports hit new highs and China snaps up more of it than ever before. U.S. Continue Reading
A new study by a team from Aarhus University in Denmark has found that car dealerships pose a significant barrier to electric vehicle adoption at the point of sale due Continue Reading
The German Federal Ministry for the Environment gave the green light for a subsidized pilot project to conduct research and development on the electrification of long-haul trucks. The electricity supply Continue Reading
Hardly a day goes by without a research company releasing yet another report forecasting the future of electric vehicles and all related industries, oil included. Some of these are skeptical, Continue Reading
