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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. million barrels a day in 2020, down around 90,000 barrels a day from 2019.

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EIA: US coal exports increased 23% between 2020 and 2021

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In 2021, coal exports from the United States increased by 23% to 85 million metric short tons (MMst) from 69 MMst in 2020, according to the US Energy Information Administration (EIA). In 2021, the top five export destinations for US coal were India, China, Japan, the Netherlands, and South Korea. MMst, or 77%, was steam coal).

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Volkswagen Group China unveils its first eVTOL passenger drone prototype: V.MO

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Volkswagen Group China unveiled its first electric Vertical Take-Off and Landing (eVTOL) passenger drone prototype, as part of its strategy to explore and break new ground in fully electric and sustainable individual mobility concepts. Stephan Wöllenstein, CEO of Volkswagen Group China. In the first phase of its commercial use, V.MO

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Xpeng delivered 27k EVs in 2020; 5,700 in December

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Xpeng Inc, a Chinese smart electric vehicle company, announced its vehicle delivery results for December 2020, the fourth quarter and year-ended December 31, 2020. In the fourth quarter 2020, 8,527 P7s were delivered. A total of 11,979 G3s were delivered in 2020.

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. million b/d in 2020 driven by both OPEC (-4.3

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Market share of plug-in vehicles in China has more than quadrupled from 2015 to 2019

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From 2015 to 2019, the market share of plug-in vehicles in China more than quadrupled, reaching 5.1% In the US, plug-in vehicle market share in the United States rose from 0.7% In the US, plug-in vehicle market share in the United States rose from 0.7% in 2019, according to figures presented by the US DOE.

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Volkswagen Group China to invest > €4B in 2020, 40% of it on emobility

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Volkswagen Group China, together with its Chinese partners, plans to invest more than €4 billion next year, with around 40% of this investment going towards e-mobility. Today, almost every fifth car sold in China comes from the Volkswagen Group. In a challenging market environment, our strategies are paying off.

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