Daimler Truck says batteries, hydrogen are the future
The world’s largest truck and bus maker is charting an ambitious zero-emission future and says it’s not that far off – despite higher costs and the current lack of support Continue Reading
Oil Demand Is Rebounding Fast In Europe
Traffic on Europe’s highways and in the biggest cities has been rising in recent weeks as economies reopen, suggesting a rebound in road transportation fuel demand. Traffic on highways in Continue Reading
Ford unveils F-150 Lightning electric pickup; starting at $39,974; arriving in 2022
Ford unveiled the F-150 Lightning battery-electric pickup. Arriving in spring 2022, F-150 Lightning will be available in four series and two battery options at more than 2,300 EV-certified Ford dealers Continue Reading
Oil Markets Optimistic As Air Travel Starts To Recover
The number of global commercial flights has more than doubled since this time last year, while U.S. traveler throughput has jumped six-fold since May 2020, suggesting that global jet fuel Continue Reading
Lawmakers Back $8 Billion for Electric U.S. Postal Vehicles
House lawmakers advanced language authorizing $8 billion for the U.S. Postal Service to buy more electric vehicles as the agency modernizes its aging fleet. The House Oversight and Reform Committee added Continue Reading
Airlines Pull Back From Oil Hedging After Losing Billions
Commodity price hedging is a popular trading strategy frequently used by oil and gas producers as well as heavy consumers of energy commodities such as airlines to protect themselves against Continue Reading
Jet Fuel Demand Rebound Needs Return Of International Flights
Jet fuel demand is slowly recovering from the slump last year, and although the rise in passenger numbers nearly everywhere is encouraging, the meaningful recovery of aviation fuel consumption will Continue Reading
Soaring Petrochemical Demand Sparks Major Profits
As major oil companies released their first-quarter earnings, profits from their petrochemical units hit record highs and demand for petrochemicals is only set to grow. According to Bloomberg, this trend Continue Reading
Wright demonstrates megawatt-class high-performance inverter for electric aircraft
Wright Electric, a company developing an electric single aisle commerical aircraft comparable to the Boeing 737 or Airbus 320 ( earlier post ), has begun testing and has demonstrated a Continue Reading
Jet Fuel Use Set to Surge 30% in USA
It’s the postponed weddings and family reunions. It’s meeting newborn grandchildren and attending memorial services for loved ones lost to the pandemic. It’s the rebooked trips to Maui and adventures Continue Reading