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...

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...

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...

Chilean Energy Mix is Shifting Towards Clean and Renewable

In the past decades, the traditional power generation methods like coal, oil and hydroelectric dams have dominated Chile’s power grid. The renewable energy such as solar and wind energy was deemed less cost-efficient for...

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...

EU Plans to Subsidize Billions of Euros for Electric Vehicle Battery

Electric vehicle battery is the lifeblood of the automotive industry in the 21st century. If the EU wants to maintain its leadership in the automotive sector and in decarbonization and clean energy systems, it must have the...

China Boosts Shift to Clean Energy, Sets New Target

China is stepping further into the promotion of renewable energy nationwide, setting higher green power targets and punishing those who fail to meet those goals. As the world's biggest energy consumer, China is aiming to...

Transformation of Ford: Mustang, Focus Crossover Will Be Only Ford Cars on the Market...

The company which established more than a century ago by Henry Ford moved America from a carriage to a car. Today, the Ford that changed our world is experiencing another transformation as the transportation...

Trump’s Oil Ban On Iran Raises Risks of Oil Price Spike

U.S. President Trump’s “withdrawal” from Iran nuclear deal has sent shockwaves through the Iranian economy. The tension has been escalated when US Secretary of State Mike Pompeo announced a list of 12 demands of...

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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...