GLOBAL STUDY SHOWS ENERGY INDUSTRY RAMPING UP INVESTMENT IN AUTONOMOUS OPERATIONS BY 2030 AS AI RESHAPES PERFORMANCE

Chinese automakers regained momentum in Europe in February, led by BYD and Leapmotor, increasing pressure on Western rivals. Their share rose to 16% in hybrids and 14% in EVs, while total market share reached 8%, nearly double last year’s 4.2%, according to Dataforce. Building on strong 2025 sales, they are expanding dealer networks and offering discounts. Strong EV and hybrid demand, combined with scale and lower costs, is driving growth despite EU tariffs.

U.S. CRUDE OIL FUTURES SETTLE AT $99.64/BBL, UP $5.16, 5.46 PCT