U.S. Energy Information Administration reported that in 2018, the country consumed a record amount of energy since 2007 in the amount of 101.268 quadrillion British thermal units, which increased by 4% over the year. Oil consumption also rose to a maximum since 2007 and reached 20.5 million barrels per day. Last year, the volume of consumed natural gas increased the most, reaching 31 quadrillion British thermal units. According to Rhodium Group, last year in the United States for the first time in recent years there was an increase in carbon dioxide emissions from burning hydrocarbon fuels. The above data indicate a likely further increase in harmful emissions into the atmosphere from the United States. They also point to a significant reduction in the effect of international agreements to limit emissions, especially given the statements by the administration of US President Donald Trump about refusing to comply with the Paris Climate Agreement.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...