BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite for imported crude, including heavy oil from Venezuela. The International...
Tag : International Energy Agency
A new IEA report highlights growing investment in low-emissions hydrogen projects but stresses the need for stronger policies to boost demand in key sectors such as industry and transport....
Despite the worldwide momentum toward clean energy, two of America’s oil giants have recently placed significant bets on fossil fuels. Both Exxon Mobil and Chevron have announced massive acquisitions in the past month, revealing a...