The use of oil in the road transportation sector will increase even as the sale of electric vehicles is expected to rise, according to the annual long-term outlook from OPEC.
Global oil demand is expected to grow from 95.4 million barrels per day (bpd) in 2016 to 111 million bpd in 2040, according to the World Oil Outlook (WOO) reportRead more
India's Tata Motors has won a bid to manufacture thousands of electric cars for the government as part of a push to promote battery-powered vehicles as the nation grapples with soaring pollution levels.
State-owned energy efficiency services limited (ESSL) will procure 10,000 cars from Tata Motors, with the first batch hitting roads later this year, the company said in aRead more