Global Energy/Automotive news, commentary and analysis | April 04
London, April 04, 2025 (Oilandgaspress) –-On Thursday, April 3, there was a sharp decline in oil prices. This day recorded the most significant percentage drop since 2022, reports Reuters. As the agency reports, the decline occurred after OPEC+ agreed to an unexpected increase in oil production. This happened the day after U.S. President Donald Trump announced the introduction of new large-scale import tariffs.
Thus, Brent crude oil futures closed at $70.14 per barrel, dropping by $4.81 or 6.42% (the price at the time of publication was exactly $70 per barrel).
Additionally, futures for American oil, West Texas Intermediate, closed at $66.95 per barrel, down by $4.76 or 6.64% (the price at the time of publication was $66.80 per barrel).
Reuters reports that the price of Brent crude oil is on track for its largest percentage drop since August 1, 2022, while the price of WTI oil is heading towards its biggest drop since July 11, 2022.
Earlier, at a meeting of ministers on Thursday, OPEC+ countries agreed to further develop the plan to increase oil production, intending to bring 411,000 barrels per day back to the market in May instead of the initially planned 135,000 barrels per day. . Read Related News
Stellantis will idle its Windsor, Ontario assembly for two weeks, and its Toluca, Mexico plant for the whole of April. Just one day after the Trump administration announced its finalized plans for a 25 percent import tariffs on cars, and on the same day those tariffs go into effect, Stellantis announced it’s pausing production at Canada and Mexico plants. CNBC reports that Stellantis will idle the Windsor, Ontario assembly for two weeks, and the Toluca, Mexico assembly for the rest of April, beginning Monday. At Windsor, Stellantis will temporarily lay off around 4,500 workers, while the 2,500-plus workers in Toluca will have to report to the plant, but won’t build cars. Stellantis will temporarily lay off 900 US workers at American plants that support production for the Windsor and Toluca assemblies.. . Read Related News
Leapmotor C10 Record Sales in China
Leapmotor is thrilled to announce its outstanding sales performance for March 2025, marking a significant milestone in the company’s growth trajectory. The total sales across all carlines reached an impressive 37,095 units (+154% vs March 2024), showcasing the brand’s increasing popularity and market presence.
Alfa Romeo celebrates color: a year of history, design and emotion
An entire year dedicated to color as an expression of the Alfa Romeo spirit, with an exclusive exhibition at the Arese Museum that tells the story of twelve colors, one for each month, through the lens of iconic models that have never been seen in public before and archive materials from the Alfa Romeo Documentation Center.
03 Apr 2025
PEUGEOT EXTENDS THE ELECTRIC RANGE OF THE PEUGEOT E-208, OFFERING 433 KM – THE BEST RANGE IN ITS SEGMENT – REINFORCING ITS BEST SELLER STATUS
PEUGEOT is optimising its iconic PEUGEOT E-208, the best-selling model in Europe in the electric B segment last year. Already awarded and recognised for its exceptional efficiency, the PEUGEOT E-208 now offers the best range in its segment, and introduces further benefits such as an integrated Trip Planner, and Vehicle to Load (V2L) capability allowing easy charging for small electrical devices.
Stellantis Strengthens Supplier Relations with its Widest European Supplier Convention Ever at Historic Heritage Hub in Mirafiori
Stellantis reaffirms its strength to its supply base by showcasing it’s 100-year-old heritage manufacturing vehicles in Europe and across the globe
The all-new CLA with EQ Technology is the “one-litre car” for the electric age. With remarkably low consumption and impressive range in this segment, it elevates the real-life practicality of electric mobility to a new level. Initially, the CLA 250+ with EQ Technology (energy consumption combined: 14.1-12.2 kWh/100 km | CO₂ emissions combined: 0 g/km | CO₂ class: A)[2] and the CLA 350 4MATIC with EQ Technology (energy consumption combined: 14.7-12.5 kWh/100 km | CO₂ emissions combined: 0 g/km | CO₂ class: A)2 will be launched. By the end of the year, the model range will be expanded to include additional battery-electric variants and the CLA with a high-tech hybrid engine (see separate chapter). With a range of up to 792 kilometres according to WLTP2, the CLA 250+ with EQ Technology offers a large radius in its class. This 200 kW model variant can travel from Stuttgart to Kiel or from Bremen to Munich without charging stops. The 260 kW CLA 350 4MATIC with EQ Technology is positioned as the performance version at the top end of the model range. It combines high efficiency with immense driving pleasure and outstanding performance, accelerating from 0 to 100 km/h in just 4.9 seconds. Both power levels reach speeds of up to 210 km/h.
800-volt technology makes charging almost as fast as refuelling
Highlights of the all-electric CLA include the 800-volt electrical architecture and advanced drive units with a two-speed transmission on the main drive at the rear axle. The 800-volt system maximises efficiency and performance and can significantly reduce charging time in conjunction with the new battery generation. The CLA with EQ Technology can recharge with up to 325 kilometres[3] of range in just ten minutes. Fast DC charging is possible with up to 320 kW for both the CLA 250+ and CLA 350 4MATIC. . Read Related News
Mercedes-Benz is accelerating the transformation of its production network with a high triple-digit-million euros investment into the construction of the new “Next Generation Paintshop”. This project will strengthen the future viability of the Sindelfingen site and automotive production in Germany.
Through this venture, Mercedes-Benz continues to consistently implement its sustainable business strategy in Germany. This major project in Sindelfingen is part of a long-term strategic partnership with Dürr Systems. With the new hall, Mercedes-Benz is setting the course for further transformation of its traditional site, which celebrates its 110th anniversary this year. In the future, the “Next Generation Paintshop” will operate without fossil fuels and cover its energy requirements with green electricity. The sustainable paint shop is scheduled to go into operation in the spring of 2028. . Read Related News
The Mercedes-Benz x Moncler by NIGO collaboration celebrated its collection launch on April 4, 2025. Customers, brand fans and fashion enthusiasts can now purchase the collection and experience the fusion of 80s/90s vibes with contemporary lifestyle aesthetics. Alongside the newly launched fashion collection, the first Mercedes‑Benz G‑Class Past II Future models will be handed over to customers.
The exclusive event was hosted at Mercedes‑Benz of Manhattan, which has been a cornerstone of automotive excellence and a pillar of the New York and the Tri‑State community for over 70 years. The reimagined, 330,000-square‑feet facility on Manhattan’s West Side has undergone a comprehensive renovation, introducing the state-of-the-art EVolution showroom design that further elevates the customer journey. Through personalised digital experiences, integrated brand partnerships and exclusive inventory offerings, Mercedes‑Benz of Manhattan is underscoring the brand’s commitment to luxury leadership, pioneering innovation and a steadfast focus on the customer experience. . Read Related News
Shell Midstream Operating LLC (SMUS), a subsidiary of Shell plc (“Shell”), has agreed to sell its 16.125% interest in Colonial Enterprises, Inc. (“Colonial”) to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. and its institutional partners (collectively, “Brookfield”), for $1.45 billion.
“This divestment reflects our focus on performance, discipline and simplification,” said Andrew Smith, President of Shell Trading & Supply. “It will allow us to concentrate on areas where we have scale and competitive advantage.”
The transaction is subject to regulatory approvals and is expected to close in Q4 2025. . Read Related News
Subsea 7 S.A. announced today the award of a sizeable1 contract by Shell Offshore Inc. for the Sparta deepwater development in the US. The project involves the transportation and installation of a floating production system (FPS) at Garden Banks block 959, which is located off the southeastern coast of Louisiana at water depths of up to 1,635 metres.
Project management and engineering activities will begin immediately at Subsea7’s office in Houston, Texas, with offshore operations expected to start in 2027. Craig Broussard, Senior Vice President for Subsea7 Gulf of Mexico, said, “We are proud to continue our collaboration with Shell in the US, building on past projects, including the recent Vito development. We look forward to playing a key role in the successful delivery of the Sparta project.” . Read Related News
A new report finds that deliveries within exploration, development projects and operation of Equinor-operated fields and onshore facilities in Norway continued to grow in 2024. Equinor procured goods and services with a total value of NOK 142.6 billion, an increase from 134 billion in 2023. 93 per cent of this came from Norwegian suppliers located in 260 different municipalities. This resulted in an employment effect of more than 85 thousand full-time equivalents. The report was prepared by Kunnskapsparken Bodø (KPB) which analysed actual purchases of goods and services from around 1900 suppliers and several thousand sub-suppliers in nearly 300 sectors. Development projects contributed Norwegian deliveries worth more than NOK 36 billion and more than 20 thousand full-time equivalents. The largest share of this comes from subsea developments, which accounted for 31%. Johan Castberg was Equinor’s largest Norwegian field development in 2024, and accounted for 26%. The various electrification projects also created significant ripple effects with 23%.. Read Related News
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $64.62 | Down |
| Crude Oil (Brent) | USD/bbl | $67.88 | Down |
| Bonny Light 02/04/25 CBN | USD/bbl | $79.38 | — |
| Dubai | USD/bbl | $72.49 | – |
| Natural Gas | USD/MMBtu | $4.08 | Up |
| Murban Crude | USD/bbl | $70.17 | Down |
| OPEC basket 03/04/25 | USD/bbl | $75.35 | Down |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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