Oil


Rise of EVs spells end of the oil era

Rise of EVs spells the end of the oil era

(ATF) Falling battery prices, environmental concern and electrification of transportation by crude-dependent countries like India and China could bring the oil era to an end, a strategist at financial think tank Carbon Tracker told Asia Times Financial on Friday.China’s has set a target for 20% of all cars on its …

Continue reading

China CNOOC says to raise gas' share to half of output by 2035

China CNOOC says to raise gas' share to half of output by 2035

SINGAPORE: China's national offshore oil and gas producer CNOOC said on Thursday it aims to raise the share of natural gas to make up half of its total output by 2035 to contribute to a national carbon neutral target by 2060. CNOOC will accelerate natural gas exploration and production both …

Continue reading