Global fossil fuel demand should peak in 2027, says consulting firm McKinsey
Aggregate fossil fuel demand on a global-scale is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of Continue Reading
Grounded Flights Are Sending U.S. Jet Fuel Prices Sliding Again
The new wave of lockdowns around the world is sending U.S. jet fuel prices slumping and exports slowing to a trickle all over again. It’s not as bad as the crash Continue Reading
Carmageddon: Hidden War Between Motor Cars and People
There is a silent, ongoing, global war between motor cars and people. It is silence because, though it kills many times more people than armed conflicts and terrorist acts combined. Continue Reading
Goldman Finds Unexpected Source Of Demand For 1 Million Bpd Of Oil
Having recently turned even more bullish on the oil market, bringing forward up its year-end $65 Brent price target to the summer on Monday, overnight Goldman’s commodity team turned even Continue Reading
EIA Lowers 2021 Global Oil Demand Growth Estimate
Global oil demand is expected to grow by 5.6 million barrels per day (bpd) in 2021 compared to the 2020 low of 92.2 million bpd, the U.S. Energy Information Administration Continue Reading
GM Presents Cadillac Flying Car For Rich People
General Motors stole the show on Tuesday after unveiling the Cadillac Vertical Take-Off and Landing (VTOL) vehicle and electric shuttle concepts in a virtual presentation at the CES expo, according Continue Reading
World’s Top Oil Trader: Airline Travel Won’t Recover Until Late 2021
Airline travel will continue to suffer in the first half this year and will only recover, and jet fuel consumption with it, in the back half of 2021, when mass Continue Reading
Hunt for the Next Tesla Fuels Wave of Electric-Vehicle Deals
Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies. Proterra Inc., which makes electric buses Continue Reading
GM charges up new unit to sell electric delivery vans, gear
The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it, a move that lifted the automaker’s Continue Reading
New GM Electric-Truck Business Targets Delivery Market
General Motors Co. GM 6.24% is launching a new electric-truck business geared toward delivery services, the latest in the company’s efforts to commercialize battery technology it is developing in-house. Following the news, shares of GM Continue Reading