Oil crisis – OPEC worsened demand forecasts in 2024 and 2025
The Organization of the Petroleum Exporting Countries (OPEC) has downgraded its forecasts for global oil demand growth in 2024 and 2025 for the third month in a row, as the group acknowledges a slowdown in global fuel use, Bloomberg reports. In its monthly report, OPEC said it expects global oil...
Industrial production increased above estimates in August, thanks to the advance recorded by the automotive sector
Germany's industrial production increased in August, raising hopes of a stabilization of industry in Europe's largest economy after an unexpected decline in the second quarter of 2024. According to data published on Tuesday by the Federal Statistical Office (Destatis), industrial production increased by 2.9% in August compared to the previous...
The „Electric Highway” will be tested
The "Electric Highway" is an experiment aimed at making it possible to recharge the battery of an electric vehicle while on the move. The method will be tested next year in France. The project involves placing an electric cable about ten centimeters below the asphalt, on the longitudinal axis of...
Gazprom becomes an electricity supplier in Romania
The local subsidiary of the Serbian company NIS, controlled by Gazprom, has received the license to supply electricity from Romania. This is one of the decisions adopted by the Energy Regulatory Authority (ANRE). The company can now sell electricity to end customers in our country. NIS Petrol SRL is the...
DSV becomes the world’s largest freight carrier after the acquisition of Schenker
Danish transport group DSV A/S has announced that it has signed a €14.3 billion deal. The agreement aims to acquire the Schenker logistics division of Deutsche Bahn AG, which is also present in Romania. Following the transaction, the Danish company could become the largest freight carrier in the world. The...
Leapmotor International has officially confirmed its entry into the Romanian market in just a few days
Leapmotor International is a company 51% owned by the Stellantis group and 49% by the Chinese Leapmotor. The company officially confirmed its arrival on the Romanian market this month. The first batch of the Leapmotor C10 and T03 electric vehicles will be sold starting in September 2024. The marketing will...
The number of electric cars registered in Europe increased by 0.6%
According to the Association of Automobile Manufacturers of Europe, in July this year, 1,025,290 new cars were registered in Europe. Of these, 139,657 units were fully electric cars (BEVs), down 5.9% compared to the same month in 2023. An even greater decrease than that of electric cars is observed in...
BMW has overtaken Tesla in the EU electric car market for the first time
For the first time in history, German automaker BMW sold more electric vehicles in the European Union than U.S. rival Tesla. This happened in July 2024. The German manufacturer managed to increase its deliveries in a market that, overall, slowed down, Bloomberg reports. Data analysed by consultancy Jato Dynamics shows...
Zeekr 007 will have the fastest charging battery in the world
Chinese electric car manufacturer Zeekr announced that the Zeekr 007 model will have an LFP battery. The battery charges from 10% to 80% in just 10 minutes. Car manufacturers have managed to bring to the market vehicles that travel more than 500 km on a single charge. Now they promise...
Oscar Downstream launches mobile payment at the pump
Oscar Downstream is the largest Romanian independent fuel distribution company. It has launched for the first time a mobile payment facility for B2B customers in Romania. The project is realized in partnership with Eurowag. The company is a provider of integrated mobility and payment services for transportation companies. The mobile...
