• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 1 hour Is Europe heading for winter of discontent with extensive gas shortages?
  • 11 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Hopes Are Dashed For International Oil Companies In North Iraq
  • 13 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 20 hours The United Nations' AGENDA 2030 - The vision for One World Governance ...an article by the famous Dr Robert Malone
  • 4 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 36 mins "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)
  • 8 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 1 day The Federal Reserve and Money...Aspects which are not widely known
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Ross McCracken

Ross McCracken

Ross is an energy analyst, writer and consultant who was previously the Managing Editor of Platts Energy Economist

More Info

How The Transport Industry Is Shaping Oil Demand

It has been a bad start to the year for UK car manufacturing. Iconic UK-based automaker Jaguar Land Rover (JLR) announced job cuts of up to 5,000 from its UK workforce of 40,000, while Ford Europe unveiled a major cost-cutting review of its European operations.

It would be easy to blame Brexit, but this is not what is driving change. It is the slowdown in Chinese orders and falling consumer interest in diesel engine vehicles.

Both JLR and Ford are looking towards transformative reorganizations for a future in which electric cars rather than diesel engines are the name of the game. While JLR will cut jobs in the UK, it will still build a new factory in Warwickshire to produce batteries, and its electric motors will be manufactured at its site in Wolverhampton.

According to a Reuters survey published January 10, automakers globally will invest $300 billion in electric vehicles (EVs) over the next 5 to 10 years, 45% of which will be in China, with 46% of the investment capital emanating from Germany.

It is evidence of the tectonic forces impacting the transportation sector, which accounts for just over 60% of oil demand. According to a recent report from energy consultants Wood Mackenzie, oil demand from transport will level out around 2030, leaving petrochemicals as the main, perhaps solitary, engine of growth.  

Diesel crunch

With the International Maritime Organisation’s new rules on sulfur in marine fuel now less than a year…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News