Europe

Cal on February 17th, 2018

In its latest Energy Outlook to 2040, ExxonMobile projects global transportation-related energy demand will increase by close to 30% by 2040. At the same time, total miles traveled per year by cars, sport utility vehicles and light trucks will increase about 60%. Exxon predicts a rise in electric vehicles as well as efficiency improvements in conventional […]

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Cal on February 14th, 2018

Russia is sending its highest quality crude oil to China in its battle for market share on the prized Asian market. As a result, European petroleum refiners are being left with lower-quality imports from Russia and are now reviewing how much Russian crude they would buy and at what price. The quality of Russia’s Urals […]

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Cal on February 10th, 2018

The head of the International Monetary Fund urged Arab countries to discontinue subsidizing energy because such subsidies come at the expense of much needed investment in health, education and other public services. Arab countries accounted for more than a quarter of global energy subsidies in 2015, estimated at $117 billion out of $436 billion world-wide, according […]

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Cal on February 6th, 2018

According to US Energy Information Administration estimates, US crude oil  production broke through 10 million barrels per day last week and is on its way toward setting an all-time US production record. Investment banker Goldman Sachs sees crude oil prices reaching $80 a barrel in the next six months while others are talking about prices […]

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Cal on February 1st, 2018

BP announced it will add rapid charging points for electric cars at its UK petrol stations within the next two months. The charging units will top up cars in half an hour. The trial will start in the UK during February and March before expanding to European locations later this year. There are around 130,000 electric and […]

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Cal on January 31st, 2018

From Techrogers we learn The World of Self-Driving Cars is Truly Here (infographic) The Globe and Mail tells us 6 ways that self-driving cars will change our lives. Global Market Insights projects the hydrogen vehicle fuel cell market will be worth $9 billion by 2024.  Over 300,000 of these vehicles will be on global roads […]

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Cal on January 29th, 2018

According to Macquarie Bank, in 2017 global sales of electric vehicles rose to 1.1 million, up from 740,000 in 2016, representing an increase of 51% over the previous year. (Macquarie’s data came from the US, China, Europe, Canada and Japan.) EVs include battery only and plug-in electrics (which have a battery and a small internal […]

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Market research firm PWC says by 2030, the transport sector will require 138 million fewer cars in Europe and the US. This will be the result of the five trends that are transforming the automotive industry — electrification, autonomous vehicles, car sharing, connecting. and yearly updating. PwC suggests that as a result of novel sharing concepts, the stock […]

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