The Iran Oil Lever Over Trump by China is Playing Out at OPEC Meeting

The U.S. trade dispute with China is likely to determine in a roundabout way how successful the U.S. is in imposing sanctions on Iran’s oil, and that uncertainty is likely to emerge in OPEC. In...

China Leaps in Nuclear Power Industry

On June 29, the world’s first EPR stationed in Taishan, a coastal county-level city in South China’s Guangdong province, was connected to national electric grid. And on June 30, the world’s first AP 1000...

Oil Giant BP Taps Into Electric Car Charging Market

The global oil magnet British Petroleum (BP) has bought Chargemaster, the country's biggest electric car charging operator, signaling the energy major’s concern about the impact of low-carbon vehicles on its core business, as well...

Turkey Won’t Stop Gas Imports from Iran Despite U.S. Sanctions

Turkey will not stop purchasing natural gas from Iran as it has a long-term supply deal with Tehran, the Turkish energy minister said on Aug. 8, a day after U.S. President Donald Trump threatened...

Electric Vehicles Begin to Hit the Traditional Oil Market

OPEC has suggested that the advent of electric vehicles will have a huge impact on oil demand, and now it is beginning to show. Data from IHS Markit also confirm this point. With the...

Oil Rises in 2018 after OPEC Deal on Output Cuts

After major oil producers announced to extend output cuts in October, industry analysts have raised their forecasts for the crude price of the coming 2018. Led by Russia, OPEC members and other oil export countries...

Blockchain Could Turn the Oil Industry on its Head

In such a globally connected economy, the reach of blockchain tech will be wide and promising, possibly disrupting any industry. Part of the oil industry has already integrated blockchain into the sector that is...

China Tariff on LNG Hits Trump’s Energy Expansion Plan

On August 3rd, the Customs Tariff Commission the State Council announced plans to impose new tariffs on $60 billion of U.S. goods, in retaliation for the latest tariff threats from the Trump administration. China...

Electric Vehicles Will Triple by 2020

Recently, sales of electric vehicles have increased significantly, surpassing 1 million in 2017 after growing 56% from 2016. The number of electric vehicles (EVs) worldwide could triple to 13 million over the next two...

Ford Patents Driverless Police Car, Will Artificial Intelligence Lead the Future?

As an automobile giant, Ford always surprises us. After performing successfully in electronic vehicle market, Ford moves its steps to compete as the marketer leader in the driverless vehicle area. The company had filed...

MOST POPULAR

EU and Japan Sign Free Trade Agreement

The European Union(EU) and Japan signed an agreement on tariff reduction on Tuesday. According to the deal, 99 percent of the tariffs on Japanese...