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Countries around the world are eager to position their domestic industries to benefit from digital technologies. To usher in this transformation, many countries have formed national policies, investment schemes and strategic partnerships.
If three-month forward profit margin for U.S. LNG exports goes significantly negative, export cargoes should get canceled.
Emerging market countries generally have high levels of industrial activity and show strong interest in Industry 4.0. However, EM countries in aggregate scored low in our national digitalization ranking.
We expect the market in Latin America will continue to grow steadily as EV prices come down, automakers introduce new models and governments ramp up e-bus procurement.
Iberdrola, one of the largest utilities in terms of renewable generation, is planning to build a 590 megawatt solar farm in Caceres, Spain.
Deals signed for 5.7 gigawatts of clean energy in 2019 so far, with 11 corporations signing power purchase agreements in May.
Globally, more than half of all new car sales will be electric by 2040, but that figure varies by region. In China, the world’s largest auto market, that figure will be closer to 70 percent.
Road transport accounts for more than 40% of global oil demand. The industry’s growth has been responsible for more than half of total oil demand growth since 2000.
Under Prime Minister Modi's watch, India has become a leader in renewable energy auctions and introduced several new initiatives in energy and electric mobility as well as for cleaner air.
Oil demand is likely to exceed 100 million barrels per day (MMbd) in 2019, and almost all of this takes in the form of refined products such as gasoline and diesel.
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