The drop in Russian fossil fuel exports following the invasion of Ukraine this year will transform the global energy landscape for decades and may help accelerate a transition to green energy, the International Energy Agency said on Thursday ( IEA). The IEA’s annual World Energy Outlook acknowledges the economic impact of reduced supplies of Russian oil, natural gas and coal, but maintains an optimal environmental scenario in which there is no need to invest in new fossil fuel projects. The IEA report said the global energy crisis is causing deep and lasting changes that could accelerate the transition to a…
Author: Automotivedealernews.com
The entire Norwegian new car market is down almost 77 percent year-on-year. February 8, 2023 at 8:12 a.m. ET January 2023 was a very unusual month in Norway, as the car market recorded the lowest number of new car registrations since 1962 (61 years ago). In total, just 1,860 new cars were registered last month (down 77% year-on-year). That’s a massive drop (95 percent) from the previous month (39,497 in December). The Norwegian Road Federation (OFV) explains that several things caused this result. The first was the war and pandemic (supply constraints), which led to lower sales in early 2022…
Shell Helix HX8 SP 0W-20 claims to be formulated with flexible molecule technology that continuously adapts to engine conditions to ensure added protection. Shell has announced an addition to its portfolio of motor oils for passenger cars called “Shell Helix SP HX8 0W-20”. According to the company, this fully synthetic, BS VI compliant motor oil designed for modern turbocharged engines is being launched in an exciting collaboration. between Shell and Marvel Heroes Unite. Shell Helix HX8 SP 0W-20 claims to be formulated with flexible molecule technology that continuously adapts to engine conditions to ensure added protection. According to the company,…
As Western onshore wind markets faced many challenges, Chinese OEMs were protected by the country’s huge domestic market and localized supply chain. According to Wood Mackenzie, China’s land industry is now poised to take advantage of its low-cost position and economies of scale to expand into other territories. Meanwhile, in the offshore market, in 2022 Chinese suppliers exported their first jacket order and secured their first monopile order since 2008 as a healthy cost base, excess domestic supply and strong finances made them unprecedentedly competitive. Advantage of onshore wind: scale, cost and diversification Chinese onshore wind companies are targeting overseas…
Two people were injured and four residents were displaced after a vehicle crashed into the side of an apartment building in Revere, Massachusetts. The incident happened early Wednesday at a building located at the intersection of Route 1A and Beachland Avenue, not far from Revere Beach. Investigators said the driver of the Camry lost control and crashed into a basement unit. The force of the crash left a gaping hole. on that floor Two people inside the vehicle were injured and taken to a local hospital. “We don’t know if speed was involved. I’m sure the police will look into…
Car retailer Supercheap Auto highlights superstars and super stunts in its most ambitious and entertaining campaign yet. The “Make Every Drive Super with the Best Performing Oils” campaign kicks off with a four-and-a-half-minute high-octane film, Country Club Chaos, created by TAXI Film Production and Chimera Project. Country Club Chaos features five cheeky valets racing, drifting, skidding and jumping high-performance cars around a golf course at the fictional Redline Country Club. Oil brands Nulon, Penrite, Valvoline, Mobil and Castrol are the big stars, supported by a cameo cast of famous faces featuring current and former Supercars drivers, including Russell Ingall (main…
South Africa cannot be allowed to fall short of its climate change mitigation measures and Paris Agreement statements, even though it is an emerging country still heavily dependent on fossil fuels, the country’s mitigation chief said. South African Presidential Climate Commission. Steve Nicholls he told delegates at last week’s ESG Africa conference. Lately, many African countries have asked for leniency to meet climate change mitigation commitments, also requesting a delay in moving away from cheap and readily available fossil fuels as a result of their delayed and inhibited industrial and social development. Many argue that developed nations built their economy,…
RiverNorth Photography Investment thesis General Motors (NYSE: GM) continues to develop the electric vehicle business and is committed to plans to capture the market with new models in various car segments. Despite the crisis, GM will continue to inject significant investments into electric vehicles, both in the opening of new plants and the development of a new product line. However, the most important factor for GM now is the impending recession in the US and other major markets, which will neutralize the shortage of supply in the market and normalize the abnormally high prices and margin denominated in dollars per…
For most of us, our second biggest purchase would be your car. Without a doubt, the first would be the purchase of your home. These two elements obviously own a large part of any family budget and even a lot of attention. Or at least they should, because they really are an investment. The cars in our lives somehow get attached to us because they can reflect, in a small way, who we are or would like to be. The family car Make no mistake; our cars can be a love story for us. We fall in love with them,…
Oil rose the most since early November as investors increased confidence in China’s demand outlook. The rise of more than three dollars in West Texas Intermediate on Tuesday followed increases in most of Saudi Aramco’s official selling prices for shipments to Asia in March. Oil’s recovery accelerated late in the session as Wall Street investors responded positively to comments from Federal Reserve Chairman Jerome Powell on Tuesday. Oil has fluctuated in a relatively tight $10 range so far this year. As traders await further signs of stronger Chinese demand, signs of oversupply are tempering near-term optimism. Those watching oil closely…