April 07, 2025 Latest Energy / Automotive News and Analysis
London, April 07, 2025 (Oilandgaspress) –-Tesla sales in the EU have tanked 58% in two months. But the vacuum Musk leaves behind isn’t being filled by Renault or Volkswagen. Instead, a tidal wave of cheap, often state-backed Chinese EVs are flooding the European market.
In February alone, nearly 20,000 Chinese electric vehicles hit European roads, outpacing Tesla and battering local rivals — a surge that reflects how Chinese automakers have expanded their share of Europe’s EV market from 4% to 19% in just five years. . . Read Related News
Neste and DB Schenker, one of the world’s leading logistics service providers, have collaborated to work towards expanding DB Schenker’s adoption of Neste MY Renewable Diesel™ in Asia-Pacific. This partnership underscores the shared commitment of both companies to progress towards lower-emission logistics.
Both companies embarked on a trial which took place from December 2024 to February 2025, in which Neste MY Renewable Diesel was used in Singapore for the first time to power DB Schenker’s land transport operations. As Neste MY Renewable Diesel is a direct replacement to fossil diesel and suitable for all diesel engines, the switch did not require additional investment or modifications to vehicle engines or fuel distribution infrastructure.
The land transport sector accounts for about 15%* of carbon emissions in Singapore. With the use of Neste MY Renewable Diesel, greenhouse gas (GHG) emissions can be reduced by up to 90%** over the life cycle of the product compared to using fossil diesel, effectively demonstrating the feasibility of adopting this lower-emission solution to help DB Schenker reduce its land transport emissions.
“This collaboration with DB Schenker marks the first time Neste MY Renewable Diesel has been used for road transport in Singapore and it demonstrates the crucial role that this renewable solution can play in DB Schenker’s sustainability journey. We are committed to expanding our collaboration in Singapore and beyond with DB Schenker, and contribute towards a lower-emission logistics sector,” said Ee Pin Lee, Head of Commercial APAC, Renewable Products at Neste. . Read Related News
The Lancia Flaminia Loraymo takes centerstage at the 2025 Festival Car Concorso d’Eleganza
The winning poster has been announced in the contest for the event’s official image: the Lancia Flaminia Loraymo (1960), the icon designed by Raymond Loewy, becomes the symbol of the Festival Car Concorso d’Eleganza.
Hydro is presenting the “R100 Project” at Milan Design Week 2025. The project brings five groundbreaking designs to life from locally sourced, post-consumer scrap to finished design objects all within a self-imposed limit of a 100 kilometers radius. Following the launch of the world’s first 100 percent post-consumer aluminium, Hydro CIRCAL 100R in 2024, Hydro is shifting its attention to transportation. By working within very small manufacturing clusters in the Netherlands and Belgium, the transportation emissions of this year’s design objects are reduced by 90 percent compared to last year. The second chapter of Hydro’s Milan series continues to highlight the company’s ongoing efforts to achieve net-zero emissions by 2050, examining every level of the aluminium manufacturing process to get there. . Read Related News
CITROËN JUMPY TYPE-H PACK: STYLE AND EQUIPMENT FOR GREATER PEACE OF MIND FOR CRAFTSMEN
Citroën is offering a special Jumpy Type-H Pack series, a nod to one of the Brand’s icons and a symbol of Citroën’s historical roots in the commercial vehicle market. An image vehicle full of character, richly equipped and available in electric version, Citroën Type-H Pack illustrates Citroën’s best know-how to accompany professionals in complete comfort.
Spoticar unveils a new advertising saga: “Don’t be brave, be smart” and strengthens the bond of trust with its customers
Europe’s leading used vehicle retailer is strengthening its positioning with a bold and distinctive films series
Developed for all screens, from cinema to social media, this campaign features a variety of heroes in powerful universes, strengthening affinity with all audiences. Spoticar emphasizes in this campaign the idea that the key to buying a used vehicle is not bravery, but trust. Thanks to Spoticar’s guarantees, buying a used vehicle becomes a simple, smart, and worry-free decision
Contract Extended: Florian Huettl to Remain CEO of Opel and Vauxhall for Three More Years
Rüsselsheim. Florian Huettl will remain CEO of Opel/Vauxhall. The supervisory board of Opel Automobile GmbH has extended the 48-year-old’s contract by another three years. Huettl has been at the helm of the Opel and Vauxhall brands since June 2022 and has also led Stellantis’ activities in Germany since December 2024.
As a part of implementing its performance improvement program announced on 13 February 2025, Neste has taken strategic decisions to focus on its core operations as well as to improve efficiency and profitability. The company will streamline its development portfolio, global operations and organization on several fronts.
The related global change negotiations announced on 13 February 2025 have now been completed. Neste will simplify its operating model and increase internal efficiency. In total, about 510 positions are ending globally, of which 370 positions in Finland. With these changes the company is targeting total annual cost savings of approximately EUR 65 million. Neste offers its employees comprehensive support to help them adapt to the situation.
“Our current market environment is very challenging and financial performance unsatisfactory. While decisions that affect our employees are difficult, we must take action on many fronts to improve our profitability and cost-competitiveness of our operations. We will support our employees in many different ways in this situation,” says Neste’s President and CEO Heikki Malinen.
With its performance improvement program, Neste targets a total of EUR 350 million EBITDA run rate improvement by the end of 2026, of which EUR 250 million from operational costs. The program focuses on commercial acceleration and supply chain optimization, improved refinery performance and safety, external cost reduction, and operating model simplification . Read Related News
Porsche opens Germany’s first Classic Centre in Kassel
Together with the Glinicke Group, the sports car manufacturer opened the first Porsche Classic Centre in Germany on Friday, 4 April 2025. An extensive offer of restorations, services and spare parts supply for classic Porsche models will start there. The opening strengthens the portfolio of providing customers of modern and classic cars with sustainable support with specialist and individualisation expertise. The new centre with its state-of-the-art showroom and workshop offers not only professional restoration and services, but also the sale of historic models. In addition, the experts draw on a comprehensive range of over 80,000 spare parts for vehicles that have not been produced for more than ten years. This makes it possible to provide holistic support for customers. The Kassel site is the latest member of what are now five competence centers worldwide – the others are located in France, the Netherlands, Norway and Switzerland. In addition, the center complements 19 other Classic Partners in Germany.. Read Related News
With the Mercedes-Benz Arocs Extent, Mercedes-Benz Trucks is enhancing its construction-focused model series even further. This special edition, strictly limited to just 100 units, stands out with its exclusive design. The front-end flap of the model, set to go into production in July 2025, features a refined Arocs lettering in dark chrome. A special plaque on the exterior further distinguishes this limited-edition model. For a high level of recognition, the truck features custom decals on the sun visor and front-end flap, along with a decorative grille in a specially developed matte Weather Gray finish.
Additional standout features of the Arocs Extent include a black panel behind the Mercedes-Benz star in dark chrome, LED headlights, additional LED headlights integrated into the sun visor, carbon-look trim elements, premium stainless steel axle caps and wheel nut covers, a leather steering wheel, and the Extra Line package. The truck is powered either by the third-generation Euro VI diesel engine OM 470, OM 471 or the OM 473, the largest Euro VI diesel engine from Mercedes-Benz Trucks. Another highlight of the Mercedes-Benz Arocs Extent is the Multimedia Cockpit Interactive 2, which has been installed as either a standard or special equipment in all Arocs and Actros models since this spring, depending on the driver’s cab configuration.
With the new Multimedia Cockpit Interactive 2, the Arocs is more connected and optimized than ever for daily construction site operation. The 12-inch instrument display and improved touchscreen ensure intuitive operation – even on rough terrain. Many functions can now be activated safely and quickly via voice control. The new Favorites menu also allows direct access to construction-specific functions such as power take-offs. Another new feature is the integration of the latest truck navigation system and its route data with the Predictive Powertrain Control (PPC) system, further optimizing precise, anticipatory driving.. Read Related News
At bauma 2025 (April 7-13th, Munich), the Daimler truck brand FUSO will be demonstrating the versatility and variety of body options of the FUSO Canter in construction applications. In Hall B4, booth 233, right next to the Mercedes-Benz Trucks stand, and on the outdoor area, FUSO will be presenting three different variants of the light-duty truck.
At the booth, FUSO Europe is presenting a FUSO Next Generation eCanter 7C18e, 7.49 t as a Meiller Trigenius three-way tipper, as well as a diesel-powered 6.0 t Canter 6S15 with WEHA flatbed body and crane. Outside, visitors can also see a FUSO Canter 9C18, 8.55 t, with a Palfinger roll-off tipper. You can find more details about the models on display . Read Related News
Mercedes-Benz Trucks presents the new eArocs 400 at bauma 2025
Resilient, powerful and efficient even under demanding operating conditions, both off-road and on the road: With these properties, the Arocs from Mercedes-Benz Trucks has been one of the most important players in construction haulage for years. Now there’s another attribute, because with the new eArocs 400 the first battery-electric variant of the tried-and-tested workhorse from Mercedes-Benz Trucks is now available. The locally CO2 -free and low-noise electric truck will celebrate its world premiere at this year’s bauma in Munich from 7 to 13 April. Mercedes-Benz Trucks is once again highlighting the innovations the company is using to drive forward the transformation to CO2-neutral drives on the vehicle side and how these solutions also benefit the construction industry.
A small series of 150 vehicles per year is currently planned for the eArocs 400 for selected EU30 markets. The vehicle will initially be available as a 32- and 41-ton variant in the 8×4 axle configuration with four different wheelbases and can be built as a concrete mixer or construction tipper. It thus covers essential applications for street-oriented construction transport. Thanks to its local CO2 neutrality during driving, the eArocs 400 can enter low- and zero-emission zones in inner-city areas and is also suitable for noise-sensitive environments such as residential areas, the environment of hospitals, schools and kindergartens as well as for night-time construction sites due to its low noise emissions. The Start of Sales is scheduled for the 1st quarter of 2026, the first delivery in the 3rd quarter of 2026. . Read Related News
Renault raises awareness among young drivers about the risks of excessive speed
The “human first program” illustrates Renault’s commitment to the safety of drivers, passengers, and other road users worldwide.
52% of fatal accidents related to excessive speed involve individuals under 35 years old(1). In response, Renault is conducting an awareness campaign targeting young drivers, with support from Pierre GASLY, a driver for the BWT Alpine Formula One® Team.
This international campaign was launched on April 6 in France, coinciding with the Japanese Grand Prix.
In France, Renault also offers a practical solution: the “safety car” feature, which limits the speed of Clio vehicles to 110 km/h. Pierre GASLY is the ambassador for this initiative as well. . Read Related News
Volvo Trucks and Putzmeister have today revealed one of the world’s largest battery-electric concrete boom pump trucks at the Bauma exhibition in Munich, Germany. The zero-exhaust emission battery-electric concrete pump with a reach of 42 meters will be delivered to the Swedish construction company Swerock. The electrification of the construction industry is progressing and Volvo Trucks is a leading supplier of electric trucks. Now the company has, together with Putzmeister, and after a request from long time partner Swerock, developed an all-new battery-electric truck-mounted concrete pump. Thereby, Volvo Trucks can demonstrate a fully electric alternative for pumping concrete to construction customers. Using the traditional solution for pumping concrete, a diesel truck needs to be in operation during the pumping, causing exhaust emissions and noise. With the all-electric pump truck, it’s possible to drive up to 50 kilometers and then pump approximately 50 m3 of concrete without any need for charging. For longer distances, or for larger quantities of concrete, a Combined Charging System (CCS) charging solution can be installed at the site, and it’s possible to keep pumping the concrete while the truck is being recharged. . Read Related News
The 59th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Saturday, 5 April 2025.
The JMMC reviewed the crude oil production data for the months of January and February 2025 and noted the overall conformity for OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC).
The Committee valued the additional voluntary production adjustments made by the 8 OPEC plus countries which were announced in April and November 2023 in supporting market stability.
The Committee noted the countries that did not achieve full conformity and compensation and reiterated the critical importance of achieving full conformity and compensation in addition to submitting updated front-loaded compensation plans to the OPEC Secretariat by 15 April 2025. The Committee also reaffirmed that it will continue to monitor adherence to the production adjustments agreed upon at the 38th OPEC and non-OPEC Ministerial Meeting (ONOMM) held on 5 December 2024 and the additional voluntary production adjustments announced by some participating OPEC and non-OPEC countries as agreed upon in the 52nd JMMC held on 1 February 2024.
The JMMC retains the authority to convene additional meetings or to request an OPEC and non-OPEC Ministerial Meeting, as established during the 38th ONOMM held on the 5 December 2024. The next meeting of the JMMC (60th) is scheduled for 28 May 2025. . Read Related News
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $60.66 | Down |
| Crude Oil (Brent) | USD/bbl | $64.28 | Down |
| Bonny Light 04/04/25 CBN | USD/bbl | $72.32 | Down |
| Dubai | USD/bbl | $72.53 | Up |
| Natural Gas | USD/MMBtu | $3.81 | Up |
| Murban Crude | USD/bbl | $65.31 | Down |
| OPEC basket 04/04/25 | USD/bbl | $70.85 | Down |
Goldman Sachs’s analysts issued a new note dated April 6, in which they slashed their 2026 oil price forecasts by $4 per barrel—to $58 for Brent Crude prices and to $55 for the U.S. benchmark, WTI Crude.
On Friday, Goldman Sachs cut its oil price forecast for 2025 by 5.5% for Brent crude and by 4.3% for West Texas Intermediate, citing the OPEC+ decision to boost production in May and the tariff barrage that President Trump unleashed.
The bank also revised down its 2026 Brent crude forecast by 9% to $62 per barrel and its 2026 WTI forecast by 6.3% to $59 per barrel.
NIO Inc. today announced the completion of its HK$4,030.13 million offering of 136,800,000 class A ordinary shares of the Company (the “Placement Shares”), at an offering price of HK$29.46 per Placement Share (the “Equity Placement”). The Placement Shares have been sold to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).
Morgan Stanley Asia Limited, UBS AG Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited and Deutsche Bank AG, Hong Kong Branch acted as the placing agents for the Equity Placement.
The Placement Shares have not been and will not be registered under the Securities Act or any state securities laws or be registered in Hong Kong or elsewhere. They may not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States, Hong Kong, Singapore or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. . Read Related News
Baker Hughes Rig Count: U.S. -2 to 590 Canada -10 to 153
U.S. Rig Count is down 2 from last week to 590 with oil rigs up 5 to 489, gas rigs down 7 to 96 and miscellaneous rigs unchanged at 5.
Canada Rig Count is down 10 from last week to 153, with oil rigs down 9 to 99, gas rigs unchanged at 54 and miscellaneous rigs down 1 to 0.
International Rig Count is down 6 from last month to 899 with land rigs down 2 to 709, offshore rigs down 4 to 190.
| Region | Period | Rig Count | Change |
| U.S.A | 04 April 2025 | 590 | -2 |
| Canada | 04 April 2025 | 153 | – 10 |
| International | March 2025 | 899 | -6 |
The average U.S. Rig Count for March was 592 up 3 from last month count of 590 and down 33 year-over-year.
The average Canada Rig Count for March was 194 down 53 rigs from last month count of 247 and down 3 year-over-year.
The Worldwide Rig Count for March was 1,685, down 56 from the 1,532 counted in February 2025, and down 108, from the 1,793 counted in March 2024 Baker Hughes
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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