by Michael Sivak. In a recent article, I examined changes in distance driven in the United States during the period from 1984 through 2017. Distance driven per person reached a maximum in 2004. While this rate has been on a rebound since 2013, the 2017 rate is still down from... Read more →

Total OECD annual production of crude oil, natural gas liquids (NGL), and refinery feedstocks increased by 10.3% in 2018 compared to 2017, reaching a record total monthly production of over 100 million tons at the beginning of the year and remaining above this for almost all of 2018, according to... Read more →

Manufacturers have been adopting technologies that improve the efficiency of light-duty vehicles and allow them to achieve greater fuel economy. Of all the emerging technologies, gasoline direct injection (GDI) has seen the highest level of adoption among manufacturers, reaching 51% for the 2018 model year, according to the US Department... Read more →

Volkswagen of America (VoA) plans to show the Tarok pickup concept for the first time in the US at the New York International Auto Show. This compact unibody pickup was first seen at the São Paulo International Motor Show at the end of 2018 and is expected to enter production... Read more →

Chevron Corporation entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Chevron said that its acquisition of Anadarko will significantly enhance its upstream portfolio and further strengthen... Read more →

By Cyril Widdershoven for Oilprice.com. The long-awaited Saudi Aramco acquisition of Saudi Basic Industries Corporation (SABIC) is finally here. With a statement to the press, Aramco CEO Amin Nasser reported that Aramco has acquired a 70 percent stake in SABIC, with an estimated value of $69.1 billion. Aramco’s CEO Nasser... Read more →

Volkswagen and Amazon Web Services (AWS) will develop the Volkswagen Industrial Cloud together. Both companies announced a multi-year, global agreement jointly to develop this project. In the future, the Volkswagen Industrial Cloud will combine the data of all machines, plants and systems from all 122 facilities of the Volkswagen Group.... Read more →

UPS announced a groundbreaking new logistics service to deliver medical samples via unmanned drones through a collaboration with Matternet, a leader in autonomous drone technology. The program is taking place at WakeMed’s flagship hospital and campus in the Raleigh, N.C., metropolitan area, with oversight by the Federal Aviation Administration and... Read more →

by Michael Sivak. In this analysis, I examined the relation between crude-oil production and crude-oil reserves in the world and in the United States. The variable of interest was the amount of crude oil produced as a percentage of proved reserves of crude oil. (This variable is inversely related to... Read more →

Energy demand worldwide grew by 2.3% last year, its fastest pace this decade, an exceptional performance driven by a robust global economy and stronger heating and cooling needs in some regions, according to the IEA. Natural gas emerged as the fuel of choice, posting the biggest gains and accounting for... Read more →

by Michael Sivak. Recently, the amount of retail e-commerce in the United States increased rapidly in terms of both the absolute volume and the percentage of all sales. For example, retail e-commerce sales during the fourth quarter of 2007 totaled $36.2 billion (in current dollars), or 3.5% of all retail... Read more →

In January 2019, the Chinese market saw 253% more nickel deployed in passenger EV batteries than the same month the year prior, according to a model-by-model build-up using Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker. The accelerated deployment of battery nickel in China, due primarily to an ongoing... Read more →

The US Securities and Exchange Commission charged Volkswagen AG, two of its subsidiaries, and its former CEO, Martin Winterkorn, for defrauding US investors, raising billions of dollars through the corporate bond and fixed income markets while making a series of deceptive claims about the environmental impact of the company’s “clean... Read more →

A new report from Allison+Partners, a global marketing and communications agency, suggests that changing definitions of transportation and an influx of new mobility solutions are paving the way for the birth of a new culture—the mobility culture. Resulting from the intersection of transportation and technology, this cultural shift will be... Read more →

According to a new report from Adamas Intelligence, China became a net-importer of several rare earth oxides (or oxide equivalents) in 2018. The report, Rare Earth Recap 2018: Global Production, Trade and Prices, provides an overview of global primary and secondary production by country, oxide (or oxide equivalent) and value... Read more →

In 2018, 93% of all passenger BEVs, PHEVs and HEVs sold globally used permanent magnet (PM) traction motors, an increase of 1% over 2017 penetration rates, according to a model-by-model build-up using Adamas Intelligence’s “EV Motor Power and Motor Metals Tracker”. A PM traction motor has NdFeB permanent magnets mounted... Read more →

The California Air Resources Board (CARB) announced that AZAA Investments, Inc., formerly known as AutoAnything, Inc., paid $1 million to resolve violations of the California Health and Safety Code and Vehicle Code related to the sale of illegal aftermarket performance auto parts in California. Although the former AutoAnything, Inc. was... Read more →

The federal Biomass Research and Development (BR&D) Board unveiled a multi-agency strategy to accelerate innovative technologies that harness the nation’s biomass resources for affordable biofuels, bioproducts, and biopower. The Bioeconomy Initiative: Implementation Framework was developed by the B&RD Board—an interagency collaborative which is co-chaired by the US Department of Agriculture... Read more →

by Cyril Widdershoven for Oilprice.com. Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to... Read more →

2018 marked a record year for the sale of battery-powered electric vehicles, according to data from JATO Dynamics. Passenger electric cars recorded 1.26 million sales throughout the year, up by 74% (about 1.5% of total global sales). It was one of the highest increases among all car categories on the... Read more →

The BMW Group and Daimler AG are pooling their mobility services to create a new global player providing sustainable urban mobility for customers. The two companies are investing more than €1 billion (US$1.13 billion) in total to develop and more closely intermesh their offerings for car-sharing, ride-hailing, parking, charging and... Read more →

Cooking, cleaning and other routine household activities generate significant levels of volatile and particulate chemicals inside the average home, leading to indoor air quality levels on par with a polluted major city, according to a study by researchers at the University of Colorado Boulder. Furthermore, airborne chemicals that originate inside... Read more →

INRIX, Inc. published the 2018 Global Traffic Scorecard that identified and ranked congestion and mobility trends in more than 200 cities, across 38 countries. According to the study, Americans lost an average of 97 hours a year due to congestion, costing them nearly $87 billion in 2018, an average of... Read more →

Americans collectively spent $388 billion on gasoline in 2018, averaging to 34 million fill-ups a day. According to a study by GasBuddy, a smartphone app connecting drivers with the Perfect Pit Stop, the necessity, perception, and price of gasoline adversely impacts Americans across all age groups and income brackets, with... Read more →

by Michael Sivak. This article is the latest publication in a series examining recent changes in various aspects of motorization in the United States. The focus here is on distance driven per person and per household, as opposed to the absolute distance driven (which depends, in part, on the continuously... Read more →

by Michael Sivak. In a 2011 article, Brandon Schoettle and I showed that the proportion of young Americans aged 16 to 39 years with a driver’s license decreased substantially from 1983 to 2008. (In contrast, the proportion of older persons with a driver’s license increased during the same period.) This... Read more →

by Alex Kimani for Oilprice.com. It’s been a decade of lows for commodities after posting 7 declines in 11 years, but we’ve seriously underestimated lithium. It’s back with a vengeance in 2019. The commodities market endured yet another annus horribilis, with just four commodities—natural gas, uranium, cocoa and wheat—recording any... Read more →

By Nick Cunningham of Oilprice.com. The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins... Read more →

China will drive the majority of growth in the crude oil refining industry in Asia between 2018 and 2023, contributing 44% of Asia’s crude oil refining capacity in 2023, according to GlobalData. The company’s report: ‘China Crude Oil Refinery Outlook to 2023’ finds that the total refining capacity of China... Read more →

Alternative fuel engine company Westport Fuel Systems Inc. has appointed David Johnson as Chief Executive Officer, effective immediately. Johnson most recently was the CEO of opposed-piston engine company Achates Power. Nancy S. Gougarty has decided to retire as Westport’s Chief Executive Officer and is stepping down from the Board of... Read more →

Volkswagen AG and Ford Motor Company announced the first formal agreements in a global alliance. Volkswagen CEO Dr. Herbert Diess and Ford CEO Jim Hackett confirmed that the companies intend to develop commercial vans and medium-sized pickups for global markets beginning as early as 2022. The alliance will drive significant... Read more →

Volkswagen of America, Inc., unveiled the new 2020 Passat at the North American International Auto Show in Detroit today. Together with the Beetle (21.5 million units) and Golf (35 million units), the Passat is one of the three most successful Volkswagen models, with global sales of more than 29 million... Read more →

The Department of Energy’s (DOE’s) Office of Fossil Energy announced up to $88 million in federal funding for cost-shared research and development projects enhancing technologies for oil and natural gas recovery under two separate funding opportunity announcements (FOAs). The National Energy Technology Laboratory (NETL) will manage the projects selected under... Read more →

US regular retail gasoline prices averaged $2.72 per gallon (gal) in 2018, 30 cents/gal (13%) higher than in 2017 and 57 cents/gal higher than in 2016. However, a rapid price decline beginning in October led to US average regular gasoline prices ending the year lower than they began for the... Read more →

by Nick Cunningham of Oilprice.com. Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 percent by midday in... Read more →

by Michael Sivak. This analysis was conducted to examine changes in traffic volume on rural and urban roads in the United States from 1991 through 2016. The raw data for the analysis were lane length (which takes into account all roadway lanes of travel) and distance traveled, both from the... Read more →

Under current policies, home energy storage systems would also often increase carbon emissions, according to a study by a team of researchers at the University of California San Diego published in the journal Environmental Science & Technology. The researchers selected 16 of the largest utilities companies in the country and... Read more →

The future of the US Interstate Highway System is threatened by a persistent and growing backlog of structural and operational deficiencies and by various looming challenges, such as the progress of automated vehicles, developments in electric vehicles, and vulnerabilities due to climate change, according to a new congressionally mandated report... Read more →

In total, the Volkswagen brand will invest more than €11 billion in e-mobility, digitalization, autonomous driving and mobility services from 2019 to 2023, of which more than €9 billion (US$10.2 billion) will be spent on Volkswagen’s electrification offensive. The brand currently has two fully-electric cars in its program. This number... Read more →

by Irina Slav for Oilprice.com. To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production... Read more →

Researchers in New Zealand have shown that investing in cycle lanes and walkways encourages people to drive less and cuts carbon emissions. The researchers from the University of Otago, Wellington and Victoria University studied the impact of new cycling and walking paths built in New Plymouth and Hastings in 2011.... Read more →

A new European Joint Research Center (JRC) analysis on the deployment of electric vehicles (EV) in Europe concludes that although the sector evolved significantly between 2010 and 2017, progress is still small to be characterized as full-scale commercialization. In 2010, electric vehicles still represented a niche market. Since then, the... Read more →

General Motors on Monday outlined a series of major restructuring steps that it said would accelerate its transformation for the future, building on the strategy it laid out in 2015 to strengthen its core business, to capitalize on the future of personal mobility and to drive significant cost efficiencies. These... Read more →

by Michael Sivak. This analysis examines the recent changes in the percentage of people who work at home and changes in time spent commuting to work in the United States and in the 15 largest US cities. The source of the data is the American Community Survey—an ongoing survey by... Read more →

The Lancet’s Global Burden of Disease Study (GBD), first published more than 10 years ago, is the most comprehensive worldwide observational epidemiological study to date. It describes mortality and morbidity from major diseases, injuries and risk factors to health at global, national and regional levels. Since its inception, every new... Read more →

Nearly half of the world’s electric vehicles are in 25 cities, according to a new briefing by the International Council on Clean Transportation (ICCT). As of the end of 2017, these 25 cities were home to nearly 1.4 million of the world’s 3.1 million passenger electric vehicles. These 25 cities,... Read more →

Hyundai Motor has entered into a memorandum of understanding (MOU) with Beijing-Tsinghua Industrial R&D Institute (BTIRDI) to establish a Hydrogen Energy Fund. Under this agreement, the South Korean automaker and its Chinese counterpart expect to strengthen their influence in the hydrogen ecosystem while accelerating the advent of a Hydrogen Society.... Read more →

Buick, Chevrolet, Chrysler, and Tesla are among the brands that tumbled in Consumer Reports’ (CR) latest Annual Auto Reliability Survey, which collected data from its members about their experiences with more than half a million vehicles. Every domestic automaker landed in the bottom-half of CR’s latest reliability rankings, which covers... Read more →

Ford Motor Company is reorganizing its Asia Pacific operations. As part of those actions, which include hiring a new President and CEO (Anning Chen) for Ford China, Ford China is elevated to a stand-alone business unit reporting to Ford global headquarters. Peter Fleet, president Ford Asia Pacific, will facilitate the... Read more →

Fisker Inc., an e-mobility and technology company developing electric vehicles and proprietary solid-state battery technologies, announced a strategic investment from Caterpillar Venture Capital Inc., a wholly owned subsidiary of Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric... Read more →