U.S. energy consumption plummeted to its lowest level in more than 30 years this spring as the nation’s economy largely shut down because of the coronavirus, federal officials reported Wednesday. Continue Reading
A new study of the impact of high EV adoption on the Western US power grid by a team from Pacific Northwest National Laboratory (PNNL) has found that 2028 grid Continue Reading
Seven percent – that’s the portion of electric vehicles and plug-in hybrids as a percentage of total sales as of the first quarter of this year. There were some 110,000 Continue Reading
The perfectly green electricity grid sought by Joe Biden isn’t the end of the fight against global warming. It’s the beginning. Today, 40% of America’s electricity comes from carbon-free sources. Continue Reading
A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across Continue Reading
A very slow recovery in jet fuel demand will drag on global oil demand for at least another two years as overall passenger traffic numbers continue to be low and Continue Reading
The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC. The pandemic drove down daily crude consumption by as much Continue Reading
The demand outlook has darkened according to Standard Chartered. The demand outlook has darkened. That’s according to a new research note from financial services company Standard Chartered, which was sent Continue Reading
Rystad Energy is now changing its base-case scenario for oil demand, banking on a second wave of Covid-19. The new assumption for the base case now incorporates a mild second Continue Reading
When JP Morgan’s EMEA head of oil and gas research said last month that this crisis was fundamentally no different from previous crises, he was right – at least in Continue Reading
