A quarter of people say they will become an EV driver in the next five years, according to a new survey.
Read More »OPEC Sees its Oil Demand Dropping to Lowest in 30 Years
OPEC expects demand for its crude will fall to the lowest in three decades as the coronavirus outbreak freezes the global economy, underscoring the urgency of its promised production cuts. Just under 20 million barrels a day will be needed on average from the Organization of Petroleum Exporting Countries in …
Read More »Govt. Should Establish Health Protocol with Neighbors to Spur Exports
In the current situation that the country is grappling with the novel coronavirus, also known as COVID-19, the government should establish health protocols with neighboring countries in order to spur export.
Read More »INEOS Stalls Pipeline Shutdown Until 2021
The decision to postpone comes in light of current restrictions on mobility due to the Covid-19 crisis.
Read More »IEA Sees Record 2020 Oil Demand Fall due to Coronavirus
Global oil demand will fall by a record amount this year as lockdown measures imposed to curb the coronavirus outbreak bring the economy to a virtual halt, the International Energy Agency (IEA) said Wednesday, April 15. For 2020 overall, demand will fall by 9.3 million barrels per day (mbd), with …
Read More »OPEC Expects Historical Drop in Oil Demand in 2020
The global oil demand is expected to plummet by 6.8 mln barrels per day (mb/d) in 2020, the Organization of the Petroleum Exporting Countries (OPEC) says in its April report. “For 2020, the world oil demand growth forecast is revised lower by 6.9 mb/d, to a historical drop of around …
Read More »Why Impact of Low Oil Prices on Iran is Minimal?
Global oil prices have been hit with a double whammy by the spat between Russia and Saudi Arabia in mid-March over output cuts and the coronavirus (COVID-19) pandemic.
Read More »Goldman Sachs Still Sees Crude Prices Falling After OPEC+ Deal
Goldman Sachs said on Sunday that oil prices would continue to fall in the coming weeks, reasoning that a historic yet insufficient deal by major oil producers to cut output is unlikely to offset a coronavirus-led demand rout.
Read More »UKPN Launches Application to Help with Sisolation During Covid-19 Crisis
More than 3,000 UKPN employees will be able to access useful information through the app, which includes health support and news updates.
Read More »Scientists Discover Enzyme That Recycles Plastic in 10 Hours
The development of this novel enzyme has the potential to pave the way of a real transition to a circular economy, according to a new research.
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