Wood Mackenzie has analyzed 19 major countries and regions and key end-use sectors to assess what is needed to meet net zero commitments. In the run-up to the COP27 climate conference in Egypt, more than 80 countries announced their pledge to reach net zero emissions by mid-century. Most countries in the Organization for Economic Co-operation and Development (OECD) aim to reach zero by 2050, while developing countries plan to reach it a decade or two later. China and India aim to reach net zero by 2060 and 2070, respectively. Energy-related emissions in our pledge case decline by 8% from 2019…
Author: Automotivedealernews.com
The Indian auto industry has never had it so good. Demand for passenger vehicles has been steadily increasing and shows no signs of slowing down. And after the challenges of years of Covid, the turnaround has been quite spectacular. But what is even more spectacular is that demand remains strong despite repeated price hikes by manufacturers. New cars are now more expensive than ever, but should OEMs take positive customer buying sentiment for granted? can they And for how long? Stock photo used for representational purposes. (HT_PRINT) Over the past year, nearly every automaker in the country has announced at…
Future of market researchSurfactants Market Insights and Industry Analysis by Product Type (Cationic, Nonionic, Anionic, Amphoteric, Others), Application (Home & Personal Care, Food Processing, Oilfield Chemicals, Products agricultural chemicals, others) and region (North America, Europe, Asia). Pacific, Latin America, and the Middle East and Africa), Competitive Market Size, Share, Trends and Forecast to 2030New York, USA, February 9, 2023 (GLOBE NEWSWIRE) — Overview of the surfactants marketAccording to a comprehensive research report by Market Research Future (MRFR), “Surfactant market Information by Application, Region, End User and Product Type: Forecast to 2030“, the market is estimated to grow at 8.75% CAGR…
A chain reaction car accident involves multiple cars being rear-ended, often after the vehicle in front comes to a sudden and unexpected stop. Once fault is determined in a chain reaction accident, both the victim and those at fault will need to understand their legal rights and how best to defend themselves in court. Legal rights when you are the victim When you are the victim of a chain reaction car accident, you have the right to take legal action against those responsible for the accident. The first step should be to consult with an attorney. Even if you are…
In partnership with Marvel Heroes Unite, Shell has launched Helix SP HX8 0W-20 BS6 passenger car motor oils designed for modern turbocharged engines.Specially designed for gasoline direct injection engines to protect against low speed pre-ignition (LSPI), the new engine oil has been formulated with Flexi Molecule technology that continuously adapts to the conditions of engineAmit Ghugre, Automotive Sales and Marketing Manager, Shell Lubricants India, noted that the company expects the Helix SP HX8 0W-20 segment to become the primary choice for consumers in the coming years, based on both the recommendations of the OEMs as in the need for more…
Exports of Azeri oil from the Turkish port of Ceyhan have not yet resumed and it is unclear when they will, according to a BP Plc spokesman. All docks at the eastern Mediterranean port, which normally handles a million barrels of crude oil a day, were closed for safety checks on Monday after two devastating earthquakes. Flows through the pipelines leading to the terminal were restarted on Tuesday afternoon. The Baku-Tbilisi-Ceyhan pipeline mainly transports crude oil from Azerbaijan. Last month, exports totaled about 615,000 barrels a day, according to data compiled by Bloomberg. One of three bays handling Iraq’s oil,…
However, there is a chance that the global car market will return to positive growth this year. TrendForce currently forecasts global car sales to grow 3.8% year-on-year to 84.1 million vehicle units by 2023.Data from TrendForce reveals that car sales in China will reach 26.9 million vehicle units in 2022, reflecting year-on-year growth of 3.7%. Demand from China has been the key pillar supporting the entire global new car market. By contrast, annual US and Western European auto sales figures hit a decade low by 2022. The US recorded just 13.7 million vehicle units, reflecting a decline year-on-year of 8.1%.…
Shares of Cummins Inc. (NYSE:CMI – Get Rating ) has received a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $253.13. → Know your profit potential BEFORE trading! (From Tradewins)A number of equities analysts have rated CMI shares. Morgan Stanley reduced their price objective on Cummins from $264.00 to $262.00…
The African oil and especially gas sector received a strong defense from the president of the African Energy Chamber NJ Come on on Tuesday. He delivered the opening speech at Africa Energy Week 2022, in Cape Town. He emphasized that energy drove civilization, but that the energy industry was now under the most criticism, the most attack. But those who work in the energy sector “should be proud”. He cited how energy workers and companies had “stepped up” during the Covid-19 pandemic and ensured that the energy the world needed was provided, including the fuels needed to transport vaccines. In…
By Dominic Chopping STOCKHOLM — Volvo Car AB posted better-than-expected fourth-quarter earnings on Thursday after seeing increased sales volumes, a positive mix and price increases, but warned that 2023 will be another challenging year. Net profit attributable to shareholders rose to SEK 2.46 billion ($232.2 million) from SEK 2.12 billion as revenue rose 31% to SEK 105.25 billion. Analysts polled by FactSet had projected a net profit of SEK 2.29 billion, on revenue of SEK 98.49 billion. The Swedish carmaker said that during 2023 it expects commodity prices to remain at high levels and spot buying of semiconductors to continue.…