A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. “Going Continue Reading
While General Motors is in the midst of EV hell, dealing with a massive recall for its Chevy Bolt and shuttering production as a result of the ongoing semi shortage, Continue Reading
Air New Zealand and Airbus have signed a Memorandum of Understanding (MoU) to cooperate on a joint research project to better understand the opportunities and challenges of flying zero-emission hydrogen Continue Reading
Royal Dutch Shell (RDSa.L) plans to start producing low-carbon jet fuel at scale by 2025, in an attempt to encourage the world’s airlines to reduce greenhouse gas emissions. Aviation, accounting Continue Reading
Walmart Inc. WMT 0.17% is working with Ford F 2.80% Motor Co. and Argo AI to start testing an autonomous-vehicle delivery service in three U.S. cities as the big-box retailer’s consumers continue to favor deliveries within the same Continue Reading
Two recent reports warned that oil and gas production needs to be significantly reduced if the world is to meet the Paris Agreement goals and curb the effects of climate Continue Reading
At first glance, it’s a big step forward in curbing climate change. In a deal announced Thursday, the Biden administration and the airline industry agreed to an ambitious goal of Continue Reading
Airlines are piling on more debt as surging coronavirus cases force travelers to cancel plans and stay home. The industry’s outstanding debt has jumped 23% since 2020 to $340 billion, Continue Reading
U.S. oil demand continues its upward trajectory—reaching a record high last week–while product inventories have fallen to the lowest levels in three years. If the demand trend holds, oil prices Continue Reading
Some of the world’s biggest oil consumers, led by China, have already exceeded pre-pandemic consumption levels, Bloomberg reports , citing consultancy SIA Energy. “The worst for Asian fuel demand is Continue Reading
