Oil is the world’s number 1 export product. Amounting to 4.8% of the global value of all export products, crude oil shipments totaled US$786.3 billion for 2015.
That figure represents a -50.3% drop in value since 2011 and a -44.4% decline from 2014 to 2015.
Most commodity price indexes rebounded in February-March from their January lows on improved market sentiment and a weakening dollar. Still, average prices for the first quarter fell compared to the last quarter of 2015, with energy prices down 21 percent and non-energy prices lower by 2 percent.
Of course trains can’t fly over oceans like airplanes. But compared to airplanes train travel is cheap, comfortable and scenic. The most modern high speed train service can also take you from city to city within a few hours. Here is a list of 10 fastest trains in the world.
MADISON, Wis.—Apple’s $1 billion investment in China’s leading ride-hailing service company Didi Chuxing has surprised automotive industry observers. But it makes one thing clear: “It sort of tips Apple’s hand,” Egil Juliussen, director of research, Infotainment & ADAS at IHS Automotive, told EE Times. “Apple is developing driverless cars.”
There's been so much hype about driverless cars anyone would think they were on the verge of taking over the world.
But there are many reasons why fully autonomous vehicles - to use a more formal name - will take much longer to reach mass adoption than tech utopians like Google would have us believe.
Here's a rundown of the main challenges they face.
In March 2016, energy prices increased by 14.8%, and the prices of non-energy commodities rose by 2.8%. Food prices picked up by 2.1%. Beverages increased by 4.3%. Raw materials increased slightly by 1.2%, and fertilizers dropped by 5.2%. Metals and minerals increased by 6.0%, and precious metals rose by 3.6%.
CNN) When the reception desk is staffed by a robot dinosaur, the chances of a room upgrade are going to be fairly slim.
That hasn't stopped the first guests checking in to what's billed as the world's first robot hotel.
The five-star Japanese Henn-na Hotel -- a name that translates as Strange Hotel -- this week opened its doors to bemused visitors to Huis Ten Bosch, a theme park in Nagasaki Prefecture.