Energy / Automotive News Roundup;
London, November 19, 2024 (Oilandgaspress) –-Ukraine has launched its first American-supplied long-range missile strike against Russia.
The attack targeted a military facility in Russia’s Bryansk region, some 130 kilometres from the Ukrainian border, Ukrainian media outlets have claimed. Footage shared online revealed a substantial explosion followed by a large smoke cloud, with observers noting what appeared to be a missile trail. Read More
(Reuters) – Total industry costs for Britain’s probe into historic motor finance sales practices by some banks and specialist lenders could reach 30 billion pounds ($38 billion), ratings agency Moody’s said on Tuesday, as liabilities estimates continue to rise.
A recent court ruling which upheld claimants’ appeals has potentially widened the scope of the review, which examines so-called ‘hidden’ commissions linked to financing of automobile purchases from banks and other lenders. Read More
Drivers with larger diesel engines have been warned they could see their car tax contributions increase by more than five times next year, after changes were introduced in the Budget.
The warning comes as double-cab pickup owners face a dramatic increase in their benefit-in-kind (BiK) tax rates. Read More
As of April 2025, electric vehicles will no longer be exempt from Vehicle Excise Duty, often known as road tax. The change had been announced in the Autumn Budget of 2022 by the chancellor of the day, Jeremy Hunt.
Mr Hunt had said: “And, because the OBR forecasts half of all new vehicles will be electric by 2025, to make our motoring-tax system fairer, I have decided that, from April 2025, electric vehicles will no longer be exempt from Vehicle Excise Duty.He added: “Company car tax rates will remain lower for electric vehicles and I have listened to industry bodies and will limit rate increases to one percentage point a year for three years from 2025.” Read More
UK’s Labour government have been warned reducing electric vehicle targets will risk losing billions in investment from the charging industry.
Several major car makers are lobbying ministers to lower the 22 per cent electric vehicle sales target imposed this year.
Some, including Vauxhall owner Stellantis, have threatened to pull production from the UK entirely over the issue ahead of crunch talks between senior ministers and industry figures this week. Read More
Cars should be taxed by weight and mileage rather than by emissions which could offer a more “universal approach,” a new study has claimed.
The radical proposal comes from experts at the University of Oxford which found that a car’s weight and distance travelled are more reliable indicators of environmental impact than current emissions-based measurements.The findings detailed in their forthcoming book “Critical Mass: The One Thing You Need to Know About Green Cars,” challenge the existing Vehicle Excise Duty (VED) system. Read More
Jaguar has released its new logo as it looks to the future of manufacturing.
The British luxury vehicle maker will launch three new electric cars in 2026, having taken new cars off sale more than a year ago.
The new logo, written as JaGUar, has “seamlessly blended upper and lower case characters in visual harmony”, according to the company.
The manufacturer unveiled a new logo on Tuesday as part of its rebrand, which will act as a “fire break” as it moves towards becoming a fully electric luxury brand. Read More
Thyssenkrupp on Tuesday reported a massive annual loss for the second year running, as it battles challenges including a crisis in its historic steel division.
The conglomerate, whose products range from steel to submarines, booked a loss of 1.5 billion euros ($1.6 billion) for the 2023-24 financial year, after losing some two billion euros the previous year. The group’s woes reflect a bleak outlook generally for German manufacturers, in sectors ranging from autos to chemicals, as Europe’s largest economy heads for a second straight year of contraction. Read More
£1,736 warning has been issued to customers of every energy firm including British Gas, EDF, Octopus, OVO and E.On.
The latest official expert predictions on the energy bills price cap from Ofgem suggests that hopes for a price cut have been misplaced and, in fact, gas and electricity prices will rise by at least one percent in January, to add to the 10 percent rise we have already had in October. Ofgem is due to announce the new price cap, effective from January 1, this Friday – November 22. Read full article
Today Just Stop Oil has joined the Farmers’ March called by the NFU in solidarity with agricultural workers. Just Stop Oil is demanding governments work together to end the extraction and burning of oil, gas and coal by 2030. [1]
Starting at 11am, a group of Just Stop Oil supporters joined the farmers to march along Whitehall to Parliament Square. Read More
At the Milano Autoclassica show, the award ceremony has taken place for “Best in Classic 2024,” the competition conceived and curated by the editorial staff at Ruoteclassiche (Editoriale Domus). The award is intended to celebrate the outstanding cars that have distinguished themselves in the last 12 months by winning over the hearts of enthusiasts and contributing to the social, cultural, and economic growth of the entire sector.
Divided into 11 categories, all sharing the unbreakable bond between creations of the past and present, the competition is now in its fourth edition and, as usual, has witnessed the participation of readers and users of the magazine, who chose the winner of the “Classic Car of the Year” and “Classic Car of Tomorrow” by casting their votes on the Ruoteclassiche Instagram channel. The other nine awards were bestowed by a jury of experts chaired by the magazine’s director Gian Luca Pellegrini.
This year’s winner of the coveted title of “Best in Classic 2024”, in the “Reloaded” category, is the new Alfa Romeo 33 Stradale, the Biscione brand’s new custom-built car based directly on the Tipo 33, a big name in world motoring and an icon of the 1960s, to this day still considered one of the most beautiful cars of all time. Made in only 33 exclusive units, the new two-seater coupé combines heritage and the future, and is produced according to a unique artisanal process, exactly the same way as in Renaissance artisan boutiques, and in the 1960s workshops of renowned Italian coachbuilders. Read Press Release
Ford Performance celebrated an extraordinary achievement: a two-truck victory in the 2024 Baja 1000. The Bronco DR and Ford Ranger Raptor emerged triumphant after navigating hundreds of miles of brutal terrain, proving their strength in one of the toughest races on Earth.
The Bronco DR, a purpose-built desert racer created with the spirit of Baja competition in mind, added another victory to Bronco’s storied Baja legacy in the Heavy Metal Limited class. At the same time, the Ford Ranger Raptor, based on the production truck available worldwide, delivered a win that speaks to its capability on and off the showroom floor in the Stock Mid-Size class.. Read more
Since 2021, Porsche has been cooperating with international sporting goods manufacturer Head. Their collaboration has now achieved a new milestone. With the Porsche | Head 106 Series, the partners have for the first time developed skis for free riders. Michael Mauer’s Style Porsche team was responsible for the design, successfully transferring the Porsche design DNA to the world of skiing. Aksel Lund Svindal, brand ambassador for Porsche and Head, contributed his expertise as a former world-class skier. The skis were developed in the Porsche Design Studio in Weissach, and at Head in Kennelbach, in the vicinity of Bregenz (Austria). The film Time:Out tells the story of how sports car and ski know-how came together. The Porsche | Head 106 Series is available from the start of November.
Michael Mauer, Head of Style Porsche, Aksel Lund Svindal, Porsche Brand Ambassador, 2024, Porsche AG
Porsche-Chefdesigner Michael Mauer und Skilegende Aksel Lund Svindal
Looking for that perfect line: Porsche head designer Michael Mauer and skiing legend Aksel Lund Svindal share a love of skiing, motorsport, design and performance. Now they have fulfilled a dream they have also shared for a long time. Together with the Style Porsche team and the developers at Head, they have designed the Porsche I Head 106 Series free-ride skis. Read More
Roaring engines, professional video analysis, Le Mans champions as driving teachers: the Porsche Track Experience at Circuit Paul Ricard provides participants with the opportunity to learn how to push their sports car to the limits. Porsche visits the driving events in Le Castellet, France, for a chance to experience the unique racing atmosphere firsthand. Instructor Phil Bastiaans offers a few helpful tips before pressing the gas pedal and navigating his 911 GT3 RS (992) out of the Circuit Paul Ricard pit lane and onto the course. “Think about what we discussed during analysis,” we hear him say over the radio, which keeps him connected to his students at all times. “Pay attention to the racing line. Remember the braking points. And have fun!” And with that, Bastiaans accelerates the 386 kW (525 PS) engine to 100 kmh in 3.2 seconds and then far beyond. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $68.54 | Down |
| Crude Oil (Brent) | USD/bbl | $72.76 | Down |
| Bonny Light 18/11/24 , CBN | USD/bbl | $73.78 | Down |
| Dubai | USD/bbl | $71.56 | Down |
| Natural Gas | USD/MMBtu | $2.96 | Up |
| Murban Crude | USD/bbl | $72.14 | Down |
| OPEC basket 17/11/24 | USD/bbl | $71.20 | Up |
The PETRONAS and Mercedes-AMG PETRONAS F1 Team partnership celebrated its 300th Grand Prix at the recent United States Grand Prix in Austin. Across that time, the team has won eight Constructors’ World Championships, seven Drivers’ World Championships, taken 119 race victories, 131 pole positions, claimed 100 fastest laps, and been on the podium 279 times.
As the sport readies itself for new Power Unit regulations in 2026, now is the perfect time to explore the cutting-edge technology that has been developed since this rules set was introduced in 2014… Read full article
Mercedes-Benz is emphasising its claim to leadership in drive systems, including those planned for the future. Customers will be able to choose between two innovative powertrains in the upcoming vehicle architecture. The forthcoming CLA will be available as a highly efficient electric car and as an economical hybrid.
Mercedes-Benz has set new standards in terms of efficiency with the VISION EQXX technology platform. The company is now incorporating the findings from this project into its series-production vehicles. Leading the way is the new all-electric CLA, as the first model to be based on the Mercedes-Benz Modular Architecture (MMA). The centrepiece of this versatile and flexible vehicle architecture is the so-called skateboard chassis, a floor assembly designed primarily for electric cars, including the corresponding drive and chassis components. The body design varies, however: in the newly defined entry-level segment, Mercedes-Benz is planning a family of four models in total. In addition to the CLA as a four-door saloon, these include a shooting brake and two SUVs. Read full article
Hyundai Motor America announced that the 2025 Hyundai Kona Electric has earned a J.D. Power 2025 Best-in-Class Residual Value Award in the program’s newly introduced Mainstream EV SUV segment. Additionally, the 2025 Hyundai Santa Fe and IONIQ 6 performed well, ranking second in their respective categories. These annual awards honor the new vehicles expected to retain the highest percentage of their original manufacturer’s suggested retail price (MSRP) over three years, which is essential for determining lease costs, overall vehicle value and total ownership cost. Read full article
Tata Motors, India’s leading multinational automobile manufacturer, launched its first automated manual transmission (AMT) truck, the Tata Prima 4440.S AMT, in the Kingdom of Saudi Arabia. Based on its flagship platform, the Prima 4440.S AMT is built with the company’s global expertise to deliver unmatched reliability and performance. Equipped with a powerful drivetrain, robust aggregates and a comfortable cabin, the new truck perfectly blends driver comfort and fuel efficiency to offer higher productivity and profitability to its customers. Additionally, Tata Motors showcased five of its high-performance products at the Heavy Equipment and Trucks (HEAT) Show in Dammam, which are designed and engineered to suit the country’s requirements and cater to a wide variety of applications..Tata Motors’ range of trucks are complemented by comprehensive value added services, provided in partnership with its official distributor, Mohamed Yousuf Naghi Motors Co. Customers across the Kingdom will benefit from a wide network of service touchpoints, skilled technicians, and easy access to Tata Genuine spare parts that maximise vehicle uptime and enhance overall customer satisfaction.The Prima 4440.S AMT is perfectly suited for container, car carrier and heavy equipment transportation. Along with its fuel-saving and durable automated transmission, it comes with several smart features such as Load Based Speed Control System, Shift-Down Protection system, Vehicle Acceleration Management system, Auto Start-Stop system to offer higher fuel efficiency. Its Euro-V compliant 8.9-litre Cummins engine generates 400bhp and 1700Nm of torque to ensure there is ample power available to handle the heaviest loads, toughest terrains and the steepest gradients. The flagship truck is fitted with pneumatic suspension for enhanced ride & handling and higher durability. The modern cabin, equipped with pneumatically suspended seat and tilt-and-telescopic steering wheel, adds to the driver comfort and convenience, thus increasing productivity. Read full article
Bentley Home is to launch its first dedicated showroom in the UAE in the heart of Dubai. Opening on the 11-year anniversary of Bentley Home, the new store has been much anticipated by clients in the region. It will showcase the latest collections alongside Bentley Home classics – all of which celebrate the form and function of the luxury car marque in the finest materials, finishes and craftsmanship in collaboration with globally renowned designers.
Bentley Home Dubai will be the 5th flagship store for the brand which has dedicated showrooms in Milan, Riyadh (two) and Jeddah. Designed, manufactured, and distributed by Luxury Living Group, Bentley Home is also on display in the seven Luxury Living Stores in New York, Miami, Los Angeles, Dallas, Paris, Istanbul and Al Rayyan.
Situated in the Dubai Mall Zabeel, a drive-up exclusive location, the store which has been designed by the Bentley Home team is in collaboration with the UAE’s leading home furnishings retailer, The Mattress Store. . Read full article
Baker Hughes Rig Count: U.S. -1 584 Canada -7 to 200
U.S. Rig Count is down 1 from last week to 584 with oil rigs down 1 to 478, gas rigs down 1 to 101 and miscellaneous rigs up 1 to 5.
Canada Rig Count is down 7 from last week to 200, with oil rigs down 5 to 137, gas rigs down 2 to 63 and miscellaneous rigs unchanged at 0.
International Rig Count is up 3 rigs from last month to 950 with land rigs down 9 to 726, offshore rigs up 12 to 224.
The U.S. Offshore Rig Count is unchanged at 16, down 5 year-over-year.
The Worldwide Rig Count for October was 1,754, up 4 from the 1,751 counted in September 2024, and down 22, from the 1,776 counted in October 2023.
| Region | Period | Rig Count | Change |
| U.S.A | 15 November 2024 | 584 | -1 |
| Canada | 15 November 2024 | 200 | -7 |
| International | October 2024 | 950 | +3 |
The first Bugatti Home boutique in the world has opened its doors at The Dubai Mall Zabeel. Brought to the UAE by long-term partner Luxury Living Group and exclusive retailer The Mattress Store, Bugatti Home presents a curated collection of the brand’s most coveted furniture pieces, inspired by the values of the legendary hyper sports cars and refined by over a century of heritage. The new space is bright and contemporary, the furniture pieces creating a trendsetting aesthetic reflective of simple elegance, meticulous attention to detail and dedication to perfection. The opening follows the launch of Bugatti Home’s third collection at Salone del Mobile in Milan earlier this year and marks an evolution in both the brand’s design philosophy and retail growth strategy. Read More
Bugatti has engraved its name into the annals of automotive history. In its pursuit for innovation and top performance, three icons of the Bugatti legend have broken world top-speed records: the Veyron 16.4 Super Sport World Record Edition; Veyron 16.4 Grand Sport Vitesse World Record Edition; and Chiron Super Sport 300+¹. Now, another incomparable feat of engineering and driving skill has been accomplished – with the W16 Mistral² World Record Car setting a new top-speed world record for an open-top car, at 453.91 km/h. Realized at the world-class track facilities of ATP Automotive Testing Papenburg GmbH, Germany, this record-breaking occasion followed in the footsteps of world-record runs that have been immortalized in automotive legend. In a story that began more than 14 years ago, in June 2010 with a Veyron 16.4 Super Sport reaching a record of 431.07 km/h, Bugatti has charted a historic course in the pursuit of unparalleled speed. Read More
Henning Habicht appointed as Head of Volkswagen Chattanooga Operations, the company’s assembly plant in Tennessee. Habicht will transition into this role in December and lead the plant’s continued transformation and local assembly of the Volkswagen Atlas, Atlas Cross Sport, and all-electric ID.4 vehicles. Habicht follows Chris Glover, who will retire in January 2025 after more than three decades with Volkswagen, most recently leading the Chattanooga production facility for the past three years.
“I’m honored to build upon the legacy Chris has created in Chattanooga, including the world-class production facility as well as the more than 5,500 team members who make it run each day,” said Habicht. “We’re committed to maximizing production of several of Volkswagen’s best-selling vehicles in the Atlas, Atlas Cross Sport, and ID.4, as well as supporting the economic vitality of the incredible city of Chattanooga.”
Habicht was previously the Head of Manufacturing at Volkswagen Chattanooga Operations, where he was responsible for the assembly of the Volkswagen Atlas, Atlas Cross Sport, and ID.4 vehicles. Over the course of his 30-year career in the automotive industry, Habicht has spent the past 15 in various leadership roles at Volkswagen, including as the Head of Manufacturing at the Volkswagen SAIC plant in Shanghai, China, and as the Head of Manufacturing at Wolfsburg’s Plant 1 in Germany. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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