June 05, 2025 Latest Energy / Automotive News and Analysis Brent $65.61/bbl, WTI Crude $63.68/bbl
London, June 05, 2025 (Oilandgaspress) –-Oil prices edge higher after slipping around 1% according to reports on Wednesday after official data showed that U.S. gasoline and distillate stockpiles grew more than expected, reflecting weaker demand in the world’s top economy. EIA
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $63.68 | Up |
| Crude Oil (Brent) | USD/bbl | $65.61 | Up |
| Bonny Light 04/06/25 CBN | USD/bbl | $69.18 | Up |
| Dubai | USD/bbl | $63.73 | — |
| Natural Gas | USD/MMBtu | $3.75 | Up |
| Murban | USD/bbl | $65.56 | Up |
| OPEC basket 04/06/25 | USD/bbl | $65.10 | Up |
Dongfeng Nissan’s all-new N7 sedan secures 17,215 orders Nissan’s joint venture partner in China, Dongfeng Nissan Passenger Vehicle Company (Dongfeng Nissan), today confirmed that orders for its all-new N7 EV sedan reached 17,215 units in the first month of sales.
Launched on April 27, the all-new N7 is the first of nine new energy vehicles (NEVs) that Nissan plans to launch in China by the summer of 2027. Deliveries in China began on May 15. The N7 is targeted at young families who place value on not only their own enjoyment but also family time. It’s available with two types of batteries, 58kWh or 73kWh, and has a maximum cruising range of 635km*.
The N7 is equipped with an advanced end-to-end driver-assistant system called Navigate on Autopilot that was jointly developed with Momenta, a leader in autonomous driving technology in China. It also features other cutting-edge technologies such as zero-pressure seating featuring an AI-based adaptive posture system that adjusts the seat based on input from individual sensors.
To meet consumers’ diverse needs, the N7 is available in three grades — Max, Pro and Air. The Max and Pro grades offer two types of battery at prices ranging from RMB 119,900 to 149,900 (approximately USD 17,000 to 21,000**).
The superb comfort, brand trust and attainable price of the N7 have been well received, leading to many orders and a new customer base. It’s mainly purchased by young families under the age of 35, 70% of whom are first-time Nissan buyers.
Aftermarket sector set to take the spotlight at aftermarket trade shows UK’s £56.5bn aftermarket sector is set to take the spotlight at Automechanika Birmingham this week (3-5 June), one of the largest aftermarket trade shows. More than 550 leading brands, suppliers and stakeholders will come together to promote the strength, scale, and innovation of this vital contributor to the economy and growth. Spanning vehicle maintenance and repair, wholesale and retail of parts and accessories, its importance and contribution is significant.
There are more than 56,500 aftermarket businesses operating across the UK sector today, delivering £16.1 billion in Gross Value Added (GVA) and supporting 346,000 jobs. 1 Having done much to ensure vital vehicles were kept on the road during the pandemic, business activity is now ahead of pre-Covid levels. Despite broader economic pressures, UK households’ spending on spares and maintenance reached £21.6 billion last year, reflecting resilient demand for vehicle upkeep and mobility and the business opportunities that exist in the aftermarket. 2
To help deliver new business for companies across the entire automotive sector, from aftermarket to supply chain, SMMT’s Meet the Buyer event also returns to Automechanika Birmingham on 4 June. The annual event facilitates direct engagement between suppliers and major buyers, driving growth and supporting jobs. This year’s edition will feature a wide range of buyers including volume, luxury, commercial and off-highway vehicle manufacturers. Over 50 product types are being sought, from traditional parts and components through to next generation EV technologies. More than 200 companies have expressed interest in taking part and hundreds of meetings are expected to be delivered in an intense day.
In addition, SMMT will debut its Meet the Van Accessories event at the show
UK energy security with new gas sales agreement Equinor and Centrica sign long-term gas sales agreement of 55 TWh of natural gas per year (around 5 billion cubic meters – bcm) for a period of 10 years starting 1 October 2025 at terms reflecting market prices. The total contract value would be around £20 billion assuming current prices. “I am very pleased to strengthen the energy partnership with the UK and our longstanding partner and customer Centrica. This agreement will continue to support the UK’s energy security with reliable gas supplies from the Norwegian continental shelf. The flexibility that natural gas offers will play a key role in enabling further development of renewable power and decarbonisation in the UK”, says Equinor’s president and CEO Anders Opedal.
For nearly 50 years, Equinor and partners have developed the Norwegian Continental Shelf to be the largest and most reliable provider of energy to Europe. Britain currently imports nearly 2/3 of its gas requirements from Norway, with Equinor being the major supplier. The annual volumes under this agreement will cover nearly 10% [1] of total annual UK gas demand which makes the agreement among the largest in Equinor bilateral portfolio. Beyond investments in the UK’s oil and gas production, Equinor already operates three offshore wind farms at Sheringham Shoal, Dudgeon and Hywind Scotland, the world’s first floating offshore wind farm. Dogger Bank is under development and will be the world’s largest offshore windfarm once completed. Together with partners Equinor is also developing the UK’s first CO2 transport and storage project and a gas power plant with CO2 capture.
Alpine returns to GP Explorer 3 with an all-female team Alpine renews its participation as title partner of two single-seaters, driven by Kaatsup, present for the third time on the grid, and Ana, making her second appearance at the event.
By supporting this team, Alpine confirms its commitment to an open and demanding competition, highlighting dedicated profiles ready to take on the challenge on track. This collaboration continues the strong bond Alpine has built over the years with content creators and the GP Explorer community. Organized for the first time over three days, this final edition promises an even richer experience for spectators. GP Explorer 3 will host 12 teams and 24 drivers on the Bugatti circuit in Le Mans. Organizers are aiming for a total of 200,000 tickets sold, confirming the enthusiasm surrounding this one-of-a-kind event at the crossroads of motorsport and content creation.
Another major highlight: the arrival of teams from the United States and Spain, bringing an international dimension to this edition. With a program featuring practice sessions, sprint races, concerts and key moments, GP Explorer 3 is shaping up to be a must-attend event of Fall 2025.
Europe’s first city with a vehicle‑to‑grid (V2G) car‑sharing service Renault Group, MyWheels and We Drive Solar, together with the Municipality of Utrecht, announce the go-live of Europe’s first large‑scale Vehicle‑to‑Grid (V2G) car‑sharing service: Utrecht energized. The initiative supports a more sustainable, efficient energy system in a city where 35 % of rooftops are already fitted with solar panels. Thanks to the V2G technology, electric vehicles can store energy and feed it back to the local grid during peak periods, so renewable power remains available around the clock. By combining a shared‑mobility service with advanced technology, the project keeps the local grid in balance while accelerating the transition to sustainable urban transport.
The launch of this large‑scale car‑sharing service, using the V2G technology – was announced in November 2024 and is now live. Representing a decisive step towards cleaner mobility, this initiative promotes large‑scale availability of electric shared cars while helping to balance the city’s electricity network through the pioneering bidirectional charging technology. The Netherlands is a global leader in solar and wind-based energy deployment, and Utrecht ranks among Europe’s most progressive renewable‑energy cities, with 35 % of roofs equipped with solar panels. The use of renewables presents challenges for the grid due to their massive deployment, causing high peaks in energy supply. To manage the grid with a high proportion of renewables requires a system that quickly adapts to the changes in energy generation and consumption. This is where the V2G technology steps in to address these challenges.
The roll‑out is now live with 50 Renault 5 E‑Tech electric cars. Available via a car‑sharing service managed by MyWheels, the vehicles use V2G bidirectional charging technology developed by Mobilize, Renault Group’s brand dedicated to new mobilities. It is the first time this innovative technology has been made available for public infrastructure, provided by We Drive Solar. The 500 bidirectional cars can deliver 10 % of the flexibility required in the Utrecht region to balance solar‑ and wind‑generated electricity at peak times.
Renault Group today reinforced its commitment to Vehicle-to-Grid (V2G) technology and urged policymakers and industry stakeholders to accelerate its deployment across Europe. V2G allows electric vehicles (EVs) to not only draw energy from the grid but also to discharge electricity back during peak times, turning them into mobile energy resources.
Successfully implementing V2G at scale requires a harmonized approach across the entire energy ecosystem, bringing together vehicles, charging infrastructure, energy providers, and grid operators. Renault Group is already demonstrating this in France, where customers are successfully using V2G with models like the R5, Alpine A290, R4, New Megane, and New Scenic.
While the technology is market-ready and offers significant benefits – including grid flexibility, reduced energy costs for EV owners, and a lower total cost of ownership – unlocking this potential requires overcoming current regulatory and technical barriers.
Interstate Renewable Energy Council (IREC) In 2024, IREC made significant strides towards our mission to build the foundation for rapid adoption of clean energy and energy efficiency to benefit people, the economy, and our planet—through measurable wins in three complementary areas of our work:
• advancing key state regulations that enable rapid and just clean energy growth (IREC has shaped energy regulations in more than 41 states and U.S. territories!),
• building a qualified energy workforce with opportunities for candidates of all backgrounds,
• and capacity building at the local level to give communities tools to achieve their energy goals.
Each of these areas will be vital to America’s clean energy transition. Even as the U.S. policy landscape shifts, sound regulations, workforce development, and on-the-ground implementation will remain vital to the growth of renewable energy and energy efficiency.
From connecting individuals to clean energy apprenticeships to supporting the adoption of new regulatory approaches and helping communities deploy more solar and electric vehicle charging infrastructure, IREC’s work in 2024 brought the country closer to our vision of a 100% clean energy future that is reliable, resilient, and equitable.
New interactive map of deep sea data Norwegian Offshore Directorate is launching an interactive map, Deep Sea Surveys.It provides an overview of mapping and sampling carried out in the deep sea on the Norwegian continental shelf (NCS).
The data is published under the Norwegian Licence for Open Government Data (NLOD).
eActros 600 reverses 30 kilometers on public roads to the Global Parts Center the new electric long-haul truck from Mercedes-Benz Trucks caused quite a stir: the eActros 600 covered the approx. 30 kilometers between Oschersleben and Halberstadt in the German state of Saxony-Anhalt with its semitrailer exclusively in reverse on public roads and under a police escort. The finishing line at the new Daimler Truck Global Parts Center in Halberstadt was reached after around 2 hours to the applause of those involved, including Daniel Szarata, Senior Mayor of the City of Halberstadt, and Stefan Türk, Site Manager. The Halberstadt site will play an important role for Mercedes-Benz Trucks in the future: The Global Parts Center, which will officially open on July 10th, will gradually take over the manufacturer’s worldwide supply of spare parts from this year onwards.
The reverse drive to Halberstadt was already preceded by a successful, continuous reversing record of 124.7 kilometers with the eActros 600 on the Motorsport Arena Oschersleben racetrack the same day. The aim of these extraordinary trips is to draw attention to the topics of electrification, road safety and truck driver image. Mercedes-Benz Trucks considers these topics to be highly relevant for the transport industry and society in general. The manufacturer is supported by Blicki e.V. and PROFI – Pro Fahrer-Image e.V.
Xiaopeng and Huawei team up to create the world’s best AR-HUD Xiaopeng Motors and Huawei Intelligent Vehicle Solutions released the world’s best in-vehicle AR-HUD – “Light Chasing Panoramic” Head-up Display. This is the world’s first HUD solution that truly integrates AI intelligent driving, and it is also the AR-HUD with the best visual effects. At the press conference, Chen Yonghai, vice president of Xiaopeng Motors and head of the product operation center, said: The greatest value of HUD is to guide people. Strengthening the guiding value and solving common problems in the industry are opportunities for Xiaopeng to innovate.
The AR-HUD developed by Xiaopeng and Huawei turns the front windshield into the “smart first screen”, allowing users to see more clearly and drive more safely. Chen Shuangbao, general manager of the intelligent vehicle light field of Huawei Intelligent Automotive Solutions BU, believes that the HUAWEIXHUD solution based on Huawei’s leading optical root technology and combined with Xiaopeng’s innovative AR scenes and applications will definitely bring the ultimate driving experience to Xiaopeng users. It is worth mentioning that Xiaopeng’s first new model of the year, the Xiaopeng G7, which is about to be unveiled, will become Xiaopeng Motors’ first mass-produced model equipped with AR-HUD, which will bring users an unprecedented AI smart driving experience.
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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