Global Energy and Automotive News, Trends & Expert Analysis
Tesla on 22 April posted a more than 70% drop in profit between January and the end of March, with new car deliveries also falling 13% globally.
London, April 25, 2025 (Oilandgaspress) –- Oil erased earlier gains after a spokesperson from China’s foreign ministry said China and the United States were not having any consultations or negotiations on tariffs. That contradicted earlier comments by U.S. President Donald Trump, who said on Thursday trade talks between the U.S. and China were underway... Read Related News
Renault Group revenue at €11,675 million, -0.3% and +0.6% at constant exchange rates vs. 2024 Q1.
Automotive revenue at €10,128 million, -3.0% and -2.2% at constant exchange rates[1] vs. 2024 Q1.
Solid product mix effect at +3.7 points.
Strong commercial successes:
Renault Group recorded 564,980 sales in 2025 Q1, up 2.9% versus 2024 Q1.
In Europe, Group sales were up 2.8% with 402,413 units sold (PC + LCV) strongly outperforming the market (-2.0%), driven by a very solid performance on Renault brand passenger cars. Dacia outpaced the market in Europe, with Sandero remaining #1 in sales and Bigster starting to boost orders.
On International market, Renault brand has increased its sales by 11.6% supported by very strong growth in Latin America (+21.1%), Morocco (+45.5%) and South Korea thanks to the International game plan.
The commercial policy remained focused on value with a retail channel mix at 58.5% of sales, 16.8 points above market and a C‑segment & above mix at 40.6% of sales Renault Group maintains residual values meaningfully higher than its direct competitors thanks to a holistic approach to pricing.
Renault Group is pursuing its electrification offensive with a mix of electrified sales at 44.2% in Europe (+15.3 points vs. 2024 Q1), with a hybrid mix at 31.0% (+10.2 points vs. 2024 Q1) and an EV mix at 13.2% (+5.1 points vs 2024 Q1) thanks to Renault 5 E-tech, Spring and Scenic E-Tech. Renault brand posted a 61.2% electrified sales mix in Europe, up +15.0 points vs 2024 Q1 and +6.6 points vs 2024 Q4: with hybrid sales up 46.1% at 44.1% mix and EV sales up 87.9% at 17.1% mix (+6.4 points vs 2024 Q1). Renault brand was #2 in full hybrid (HEV) in Europe.
Strong orderbook in Europe around 2 months of forward sales reflecting the success of our launches.
Renault Group confirms its 2025 financial outlook:
Group operating margin ≥7% (it includes around 1 point of estimated CAFE negative impact)
Free cash flow ≥€2bn (including a negative impact due to RNAIPL R&D Capex, expected to be around €200m)
In 2025, Renault Group will launch 7 vehicles (of which Renault 4 E‑Tech electric, Dacia Bigster, and Alpine A390 for Europe and a C-SUV for the international market) and 2 facelifts (Renault Austral and Renault Espace). In addition, Renault brand will introduce Grand Koleos and Kardian in new geographies. . Read Related News
Odfjell completes first near carbon-neutral transatlantic voyage using sails and biofuel, saving five tons of fuel every day and improving GHG intensity by 85% Odfjell’s chemical tanker Bow Olympus is currently crossing the Atlantic powered by a combination of wind-assisted propulsion and a certified sustainable 100% biofuel. This milestone voyage proves how existing technologies and fuels can be paired to accelerate deep-sea shipping’s transition to net zero emissions.
Real-time data from the voyage confirms that this dual propulsion approach is not only technically feasible but also impactful: The vessel’s GHG emissions on the current voyage meet the 2050 Fuel EU Maritime GHG intensity targets and IMO’s GFI Direct Compliance targets at least until 2044.
Suction sails surpass energy-harvesting expectations
The power of wind-assisted propulsion has been tested through Bow Olympus’ two first cross-Atlantic voyages. The four 22-meter suction sails have been operational under varying weather conditions, with the performance closely monitored by Odfjell’s crew and technology team on board and onshore. “The results have surpassed our expectations,” confirms VP Technology Erik Hjortland. “Even in good, but not perfect, wind conditions, we observed a 15-20% energy-saving effect. That translates to five tons of fuel saved per day, equivalent to a reduction of 15 tons of CO₂ emissions per day. On certain parts of the current voyage, we have seen up to 40% fuel consumption reductions. These are very promising figures. We are thrilled to note that our initial calculations are confirmed and even exceeded.” Read Related News
Notice of Annual General Meeting 2025 Shareholders in Odfjell SE are invited to attend the Annual General Meeting to be held online at 16:00 CET on Wednesday May 7, 2025. Shareholders must log in and cast their votes electronically. If a shareholder wishes to participate, but not vote in the meeting, a proxy or advance vote may be given. The deadline for electronic registration of advance votes, proxy of and instructions is May 5, 2025, at 16:00 CET. See registration form for guidance. The notice and guidance for digital attendance are enclosed.. Read Related News
Equinor’s first quarter 2025 safety results Equinor’s safety trend continues in a positive direction. At the end of the first quarter, the total number of serious incidents and personal injuries per million hours worked remains at the lowest level so far for the company. At the end of the first quarter of 2025, the serious incident frequency per million hours worked (SIF) was 0.28*, an improvement from the fourth quarter of 2024. Serious personal injuries are also included in the serious incident statistics.
“Along with our suppliers and partners, we’re continuing our efforts to prevent major accidents and serious personal injuries, for example through additional focus on management training and systematic lessons learned,” says Jannicke Nilsson, executive vice president for safety, security and sustainability. As of the first quarter, the total recordable injury frequency per million hours worked (TRIF) is 2.2 for the last 12 months, an improvement from the fourth quarter of 2024. Five oil and gas leaks have been registered over the last 12 months. These leaks are classified according to the degree of severity in relation to the discharge rate. There have been no incidents with major accident potential or serious well control incidents in the first quarter. . Read Related News
FLNG Gimi completes first LNG offload
Golar LNG Limited (“Golar”) is pleased to announce that FLNG Gimi completed the offload of its first full LNG cargo to the LNG carrier British Sponsor. This introduces Mauritania and Senegal to the international gas market and triggers the final pre-Commercial Operations Date milestone bonus payment to Golar under the terms of the commercial reset agreed in August 2024. Commissioning remains on track for a Q2 2025 Commercial Operations Date (“COD”). COD triggers the start of the 20-year Lease and Operate Agreement that unlocks the equivalent of around $3 billion of Adjusted EBITDA backlog (Golar’s share) and recognition of contractual payments comprised of capital and operating elements in both the balance sheet and income statement. Golar LNG’s 1st Quarter 2025 results will be released before the NASDAQ opens on Wednesday, May 21, 2025. . Read Related News
Dana to Pay Dividend on Common Stock Dana Incorporated announced today that its board of directors has declared a dividend on its common stock. The board declared a quarterly dividend of $0.10 per share, payable May 30, 2025, to holders of Dana common stock as of May 9. Read Related News
Lucid Gravity is an incredibly ambitious vehicle 2025 Lucid Gravity — an all-electric luxury SUV for up to seven passengers and the second vehicle from the California-based startup. After logging miles behind the wheel on a variety of terrains — open highways, winding backroads, and even a short stint off-road — I’m confident it could be the best new electric SUV on the market. It strikes an exceptional balance between practicality, innovation, and an unexpected level of athleticism.
Engineered to defy expectations — maybe even physics
If space, comfort, technology and opulence weren’t enough to pack into the demands of a vehicle, the best luxury SUVs are also expected to not feel too floppy on a curvy road and be able to traverse various terrains. Lucid is using this opportunity to flex some engineering muscle and blow some minds. The Gravity I’m driving — a dual-motor Grand Touring — delivers an impressive 828 horsepower and 909 lb-ft of torque. It starts at $96,550, including destination, and the optional Dynamic Handling package tacks on $2,900. This package is a must-have and includes a trick rear-axle steering system and adjustable triple-rate air springs. The upgraded air springs allow for three selectable levels of stiffness, and when paired with the Gravity’s standard adaptive Bilstein dampers, it makes for an SUV with a highly adaptable personality.
Selecting the Smooth drive mode, the Gravity glides over the road, delivering the kind of plush, pillow-soft ride you’d expect from a luxury SUV. Dual-isolation motor mounts virtually eliminate motor whine, while acoustic glass provides excellent insulation against airborne ambient noise. Switch over to the sportiest Sprint mode and things sharpen up; the suspension stiffens, more feedback percolates up from the surface, and the Gravity seemingly tightens its grip on the road. If straight-line speed is your jam, how does 0-60 mph in 3.4 seconds sound? Just be sure to warn the fam before dropping the hammer.
Lucid made headlines when it debuted the Air with a range of over 500 miles. With that reputation to uphold, it shouldn’t be a surprise that the Gravity Grand Touring model was designed to cover some ground as well. The five-passenger version, equipped with 20-inch front and 21-inch rear wheels, boasts an official EPA-estimated range of 450 miles. Even the fully equipped seven-seat Gravity model that I drove, featuring larger 22-inch front and 23-inch rear wheels, achieves a highly practical EPA-estimated range of 386 miles. With efficient motors and impressive aerodynamics, boasting a drag coefficient of just 0.24, the Lucid Gravity achieves such range without the brute force of a massively oversized battery (we’re looking at you, General Motors).
If your journey takes you beyond a single charge, the Gravity’s new battery chemistry and latest charging hardware are capable of flowing electrons at impressive speed. Its 924-volt architecture supports peak charging power of up to 400 kW when connected to a 1,000-volt fast charger, or 225 kW with a 500-volt charger. Lucid says the Gravity is able to add as many as 200 miles of range in just 13 minutes — provided you’re using a compatible high-speed charging station. All Gravity models come equipped with a NACS (Tesla-style) charging port, and Lucid includes an adapter to ensure compatibility with CCS-supported stations as well. Read Related News
The Birth of Bugatti’s new Mechanical Heart For 116 years, Bugatti has been defined by the relentless pursuit of excellence, where artistry and engineering converge to push the boundaries of performance. This philosophy continues into the marque’s new era – one characterized by innovation, and an unwavering dedication to creating the extraordinary. At the heart of this is an all-new V16, a feat of engineering that stands apart in the modern automotive landscape. Episode Seven of the ‘A New Era’ docuseries – available on YouTube now – captures a defining moment in the engine’s journey.
The pursuit of perfection necessitates an uncompromising approach to development. For the brand from Molsheim, the journey to develop a powertrain that would drive the new era of Bugatti hyper sports cars began in 2021 when Mate Rimac made initial contact with the high-performance internal combustion engine specialists at Cosworth.
Unlike conventional early-stage testing, which often starts with the assembly of a single-cylinder mule engine, Bugatti took a more ambitious approach. Read Related News
Apple Vision Pro app for the Porsche 911 Spirit For the launch of the third Heritage Design model, the “911 Spirit 70”, Porsche is offering a new app for the Apple Vision Pro. This allows fans and customers to immerse themselves in the 1970s. They can design their dream vehicle and customize the Porsche 911 Spirit 70 step by step.
“With the Porsche 911 Spirit 70 app for the Apple Vision Pro, we want to give our customers and fans a journey back to the 1970s. This decade was characterized by colors, materials, and many Porsche successes that continue to shape our heritage today,” says Boris Apenbrink, Director Exclusive Manufaktur Limited Series & Options. “With this app, our customers gain deep insights into the creation process of the iconic designs of the decade and can digitally customize their dream vehicle,” adds Lars Krämer, Manager of Innovations at Porsche. In addition to showcasing Porsche’s heritage design strategy, the app offers inspiration for paint-to-sample options, decorative stripes, unique seating patterns and historic race numbers. More than ten popular Porsche vehicle colours from the 70s are visualised and enriched with detailed descriptions and historical references. Background information on historical decals and race numbers tells the emotional story of the team behind the “911 Spirit 70” and makes the user a real expert in customising his vehicle… The app includes interactive tutorials that guide the user step by step through the individualization process. Read Related News
The 911 GT3 returns to China The performance-oriented 911 GT3 celebrates its return to the Chinese market at Auto Shanghai. The base model for GT motorsport, which has enjoyed great popularity for more than 25 years, surpasses its predecessors not only in terms of track performance and emotive appeal but also aligns even more closely with what customers want, offering a range of specific innovations such as a lightweight folding bucket seat, the headrest of which can be removed – with one hand – for times when the driver is wearing a helmet. With tailored equipment packages, the new 911 GT3, powered by a high-revving naturally aspirated engine producing 375 kW (510 PS), can be customised even further to meet customer needs. For the first time in China, the timelessly elegant 911 GT3 Touring will also be offered, which forgoes the fixed rear wing.
911 GT3: Fuel consumption* combined (WLTP) 13.8 – 13.7 l/100 km, CO₂ emissions* combined (WLTP) 312 – 310 g/km, CO₂ class G , CO₂ class weighted combined G Read More
Three Porsche 911 GT3 R battle for DTM points, wins and titles The Porsche customer team Manthey heads into its third DTM season with three instead of the previous two Porsche 911 GT3 R race cars. Last season’s pairing, Austrian factory driver Thomas Preining and Ayhancan Güven from Turkey return to the grid to compete under the team name Manthey EMA. They will be joined by the young Dutchman Morris Schuring in the Manthey Junior Team. The DTM enters its 41st season with a lineup of eleven teams fielding 24 GT3 cars from nine different manufacturers. Each of the eight race weekends includes two races. Oschersleben hosts the season opener from this Friday (25 to 27 April).
Porsche and its customer team Manthey have big goals for the upcoming DTM season. The Stuttgart-based sports car manufacturer and the seasoned squad from Meuspath near Germany’s Nürburgring are determined to build on the successes of the 2023 season and again win the manufacturers’, teams’, and drivers’ championship titles with the 911 GT3 R. With the previous champion and factory driver Thomas Preining joining forces with former Porsche Junior Ayhancan Güven and rising young gun Morris Schuring, the driver lineup represents an exciting combination of experience, ambition, and talent. . Read More
Saudi crude exports primed for uptick in May Saudi Arabia’s crude/condensate exports have maintained a relatively tight range since July 2024, underlining a firm adherence to production quotas agreed with OPEC+. However, given the most recently announced 411kbd production unwind in May, Saudi Arabia’s production quota will be effectively 160kbd higher than April levels. This is likely to pave the way for higher exports in May.
Saudi crude/condensate exports have been fairly stable at around 6mbd according to Vortexa data from March to April (first 20 days). Although exports were higher than the historical norm in January-February (by around 350kbd), this was during planned refinery maintenance at Saudi Aramco’s 400kbd Jizan plant. Looking to May, the 6mbd is likely to be surpassed, especially in the context of the latest pricing developments and early indications for domestic demand trends.Regarding pricing, the signs point to an uptick in exports. Saudi OSPs for May loading cargoes announced in early April and were significantly lower than market expectations. As seen in the chart above, the May OSP for Arab Light crude for the Asia Pacific market is at only $1.20/bl premium to the average of Oman and Dubai prices – the sharpest m-o-m decline in multiple years. The sharp discount to Saudi crude for May loading, in particular for the Asian market, is likely to facilitate exports to key markets in the region, including China, where Saudi has recently been losing market share. Read More
Vortexa at Japan Energy Summit 2025 Vortexa is proud to be returning as Bronze Sponsors of the Japan Energy Summit in Tokyo, from 18-20 June 2025. Vortexa’s Head of LNG, Felix Booth, will be moderating the session “Japan’s role in facilitating robust gas markets to advance Southeast Asia’s energy transition” on 19 June, 10:45-11:30 . Read More
India’s Longest Rail Tunnel on Rishikesh-Karnaprayag Rail Line Larsen & Toubro has achieved the breakthrough in India’s longest railway tunnel – the 14.57 km Tunnel No. 8 – on the 125-km Rishikesh-Karnaprayag Broad Gauge Rail Link Project of Rail Vikas Nigam Limited (RVNL). Tunnel No. 8 stretches between Devprayag and Janasu in Uttarakhand. The breakthrough was achieved using a state-of-the-art Single-Shield Tunnel Boring Machine (TBM) named Shakti, of 9.11m diameter, which is also the largest TBM to be deployed in the Himalayan region. Excavating at an average rate of 413 meters per month, 10.4 km of the tunnel was completed with TBM. The New Austrian Tunnelling Method (NATM) was used to complete the remaining 4.11 km of the tunnel.. Read More
Oil prices are expected to end the week with a decline following reports that OPEC+ may increase output
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $62.01 | Down |
| Crude Oil (Brent) | USD/bbl | $65.75 | Down |
| Bonny Light 25/04/25 CBN | USD/bbl | $68.32 | Down |
| Dubai | USD/bbl | $65.61 | Down |
| Natural Gas | USD/MMBtu | $2.89 | — |
| Murban Crude | USD/bbl | $66.17 | Down |
| OPEC basket 24/04/25 | USD/bbl | $68.83 | Down |
400kV Kuwait solar project Kuwait’s Ministry of Electricity, Water, and Renewable Energy has announced that Larsen & Toubro (L&T) has emerged as the lowest bidder for its Al Shaqaya Solar Power Generation Station 400 kV Overhead Transmission Line (OHTL) project.
The leading Indian construction and engineering conglomerate had set a bid value of KD41.45 million ($135.2 million) for the project.
An innovative development, the Shagaya Renewable Energy Project, is being developed by the Kuwait Institute for Scientific Research (KISR). . Read More
BEVs Vs FCEVs: report Fuel cell electric vehicles (FCEVs) are gaining popularity, with sales exceeding 10 million in 2024. However, the report by IDTechEx reveals that battery electric vehicles (BEVs) are more efficient than FCEVs, with triple the energy supplied to a BEV reaching the wheels compared to an FCEV. Fuel cell electric vehicles (FCEVs) are a zero-emission solution, where hydrogen fuel is combined with air in a fuel cell stack to produce electrical power. The only on-road emission is water vapor, according to John Li, Technology Analyst at IDTechEx.
However, the increasing demand for charging power is a challenge, as charging stations need to be built to handle the peak demands of constant high-power charging. Most areas do not have the necessary grid connections and infrastructure to support high-power levels of charging, which can cost upwards of $100,000. To tackle this, stationary energy storage solutions are being developed. Read More
(Reuters) – BYD’s first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market by launching a smart EV price war. Net profit totalled 9.2 billion yuan ($1.26 billion), a stock filing showed on Friday, compared with the company’s earlier estimate of 8.5 billion yuan to 10 billion yuan.
Revenue came in at 170.4 billion yuan in the quarter, up 36.4% year on year versus a 52.7% rise in the previous quarter. Read More
Ford is enhancing the Mustang Mach-E1 for 2025, giving customers more of what they have been asking for. Sporty styling additions, more interior space and a new heat pump to optimise energy consumption, especially in cold weather, are added to the 2025 Mustang Mach-E line-up following feedback from customers already experiencing the fun and freedom of the rebellious electric SUV.
The 2025 Mustang Mach-E is bursting with personality thanks to three vibrant new exterior colour options: Velocity Blue, Molten Magenta, and Terrain. A sleek, black-painted splitter is added to the front, and the GT model also boasts a sporty new black front grille. Striking alloy wheel designs are even more accessible, with base models now featuring wheels previously exclusive to Premium trims, and Premium models offering optional 19-inch, black-painted alloy wheels for a bold look.. Read Related News
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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