Oil Supply from OPEC Rivals Surges

OPEC raised its forecast for oil supply from non-member countries this year as higher prices spur U.S. shale drilling, offsetting an OPEC-led deal to cut a glut of crude supply and a sharp decrease in Venezuelan production. In a monthly oil market...

Chinese Carmakers Focus on Smart New Energy Vehicles

The World Intelligent Connected Vehicles Conference was successfully held at the China National Convention Center from October 18th to 21st in Beijing. Experts and industry insiders at the conference said that the focus of...

China is ‘the Only Player in the Game’ of Making Electric Buses, Taxis, and...

Throughout the land of China, the replacement of gasoline-fueled taxis, buses and trucks with new electric models is in full swing. This huge change in China has also boosted a wave of global electric vehicle...

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...

Will OPEC Listen to Trump to Raise Oil Output?

The White House has asked Saudi Arabia and some other OPEC producers to increase oil production under the table, but did not determine a specific number, according to three OPEC and industry sources on...

Europe Becomes the Second Largest Electric Vehicles Market with More Than 1 Million Sales

According to new industry figures, there are now more than one million electric vehicles (EV) in Europe after a surge in sales across the region. Although Europe has reached this milestone goal nearly a year...

US Asks OPEC to Increase Oil Supply Amid Rising Prices

The U.S. government has unofficially asked Saudi Arabia and some other OPEC members to raise oil supply by about 1 million barrels per day (bpd), Bloomberg reported on June 5, citing industry sources familiar...

Biofuels Help China to Clear the Air

China has been producing shining transcripts to the world in economic development over the past decades, however, this comes at a huge price of environment pollution. Some major industrial cities in northwestern part of...

The Increasing Solar Investment Shifts Mainstream Energy from Nuclear Power and Coal to Renewable

With the plunging prices of clean energy technologies, renewable energy has grown up to be an increasingly attractive prospect for governments around the world. Last year investment in renewable energy was far more expensive...

OTR Tires Market is Estimated to Grow Fast

In most of the recently released OTR tires market reports, marketers show the optimism about the future of this market. Data prediction also strengthens the market confidence: “the OTR tires market was valued at...

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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...