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Volkswagen Group expands presence in Russia with agreements with GAZ

Green Car Congress

The Volkswagen Group and GAZ Group have extended their manufacturing agreement for Volkswagen and ŠKODA models in Russia until 2025. TDI engines for GAZ light commercial vehicles, opening up new business opportunities in international markets. Petersburg and other major cities in Russia as well as some export markets.

Russia 186
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Eni report: global oil reserves and oil production up in 2018 due to US

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In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. 2018 recorded an overall growth in oil production of 2.5 The tight oil production phenomenon continued to increase the share of sweet light crudes, which rose above 20% worldwide. WTI, the US light crude, covers 60% of global growth.

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Moscow signs contract for 1000 KAMAZ electric buses

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The e-bus cabin is also provided with the adaptive light: it depends on the time of the day and changes from cold light to warm one. —Maksim Liksutov Electric buses were launched in Moscow in 2018; the growing electric bus fleet has run more than 115 million kilometers since then.

Electric 468
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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.

Russia 150
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Moscow to purchase another 1000 electric buses in 2023

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The e-bus cabin is also provided with the adaptive light: it depends on the time of the day and changes from cold light to warm. Electric buses were launched in Moscow more than 4 years ago, in 2018. Moscow continues to update the surface public transport. —Maksim Liksutov, the Deputy Mayor of Moscow for Transport.

Purchase 370
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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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In its International Energy Outlook 2019 (IEO2019), the US Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. Light-duty vehicles. OECD electric light-duty vehicle stocks increase from 3.5 million vehicles in 2018 to 269 million in 2050.

Asia 220
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IHS Markit: 10 MMb/d of oil production cuts coming

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Second quarter 2020 oil production is projected to decline in every region of the world, with OPEC members, Russia, and the United States among the hardest hit in volume terms because of the large size of their production base. bbl on the physical market. And Canadian heavy crude oil sold for less than $6/bbl. MMb/d—down 4.1