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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices.

Russia 150
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. Meanwhile, projects face long lead times to finance, develop and commission.

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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

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While Russia holds significant leverage in influencing oil and gas prices, it pales in comparison to China’s position in several strategic industries critical to the energy transition, says report author Michelle Michot Foss, fellow in energy and materials at the Baker Institute. —Baker Institute report Need Nickel?

China 416
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The size of the market contraction in Russia is the biggest wild card facing vehicle manufacturers across the European continent, if not the world, in 2015 and 2016.” North America. million units.

2015 150
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Major power and gas company E.ON splitting in two; focusing on renewables, spinning off conventional power generation

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has established leading positions in conventional power generation in Europe and Russia. intends—over the medium term and in a way that puts minimum pressure on the stock price—to sell the shares of its remaining minority. —E.ON SE CEO Johannes Teyssen. Conventional energy. Over the past decade, E.ON billion (US$3.1

Power 244
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Volkswagen again reaffirms 20 new PEV models coming across the Group; MEB development

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On the whole, earnings before tax of the Volkswagen Group in 2015 came to –€1.3 The return on sales before tax decreased to –0.6% Earnings after tax were –€1.4 In the Financial Services Division, the return on equity before tax decreased slightly from 12.5% in the previous year. It fell from 14.9% in the reporting period.

2015 150
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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

Well, it’s 2024, the changes to the federal EV tax credit have officially taken effect, and it’s a bit of a mixed bag. The list of electric vehicles that qualify for the federal tax credit shrunk from 35 to 14, according to the US Department of Energy. Which Electric Vehicles Still Qualify for the Tax Credit?