Hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles made up 18% of all new light-duty vehicle sales in the first quarter of 2024, down from an 18.8% share in the fourth quarter of 2023. Battery electric vehicle (BEV) sales fell for the first time since the onset of

Australia plans to invest as much as US$15 billion (AUS$22.7 billion) over the next decade to become a renewable energy superpower and boost its domestic critical minerals economy, the country’s Labor Government said on Tuesday. The cabinet unveiled today a Future Made in Australia plan to bring

Australia plans to invest as much as US$15 billion (AUS$22.7 billion) over the next decade to become a renewable energy superpower and boost its domestic critical minerals economy, the country’s Labor Government said on Tuesday. The cabinet unveiled today a Future Made in Australia plan to bring

A resilient global economy early this year has additional upside potential in the second half with the possible easing of monetary policies, OPEC said on Tuesday, keeping its 2024 and 2025 outlook of robust oil demand unchanged from last month. In its closely-watched Monthly Oil Market Report

Europe’s supermajors are doubling down on their core business, returning cash to shareholders and considering relocation to the United States to boost their valuations. Shell, BP, and TotalEnergies are rediscovering themselves and activist investors are not liking it—but everyone else is. Three