Since 2012, the average annual natural gas price in the U.K. has ranged from 5 to 10 pounds ($6-12) per million British thermal units. However, demand has eroded during the Covid-19 pandemic, causing the price to tumble to 2.63 pounds in the first quarter.
Three top global lithium producers are reacting differently to pressure from the Covid-19 pandemic.
The decline in oil prices and demand shock for gasoline has dragged down the price of naphtha, a major oil-based petrochemical feedstock.
Baker Hughes, Halliburton and Schlumberger have been hit hard by the economic downturn. However, their commitment to a new digital strategy has not waned.
The combined net income of Baker Hughes, Halliburton and Schlumberger was -$18.6 billion in 1Q 2020.
China has tested more than 350 autonomous vehicles (AVs) on public roads in some 22 cities since March 2018.
Partial automation of vehicles is set to increase in coming years as advanced driver assistance systems (ADAS) become commonplace.
China's oil market is beginning to re-balance, with product exports set to decline in May.
Two startups, AMTE Power and Britishvolt, are set to help save the U.K.'s battery manufacturing ambitions.
Extremely low gas prices in northwest Europe signal maximum brown coal-to-gas fuel switching in Germany's power sector this summer.
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