Latest Energy / Automotive News and Analysis
London, June 25, 2025 (Oilandgaspress) –- Industry data showed U.S. crude inventories fell by 4.23 million barrels in the week ended June 20, market sources said, citing American Petroleum Institute figures on Tuesday. Oil prices will likely consolidate at around $65-70 per barrel levels as traders look to more U.S. macroeconomic data this week and the Fed’s rate decision. U.S. government data on domestic crude and fuel stockpiles is due today. Read More
Early in Europe, Brent crude had risen to $67.91 a barrel, while WTI was at $65.15. The prices has since dropped as the market continues to fluctuate due to continued conflict in the Middle East, with investors monitoring the shaky ceasefire.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $65.05 | Down |
| Crude Oil (Brent) | USD/bbl | $67.84 | Down |
| Bonny Light 23/06/25 CBN | USD/bbl | $80.92 | — |
| Dubai | USD/bbl | $69.13 | Down |
| Natural Gas | USD/MMBtu | $3.49 | Down |
| Murban | USD/bbl | $68.00 | Down |
| OPEC basket 24/06/25 | USD/bbl | $68.71 | Down |
Eni reports on the purchase of treasury shares During the period from 16 to 20 June 2025, Eni acquired on the Euronext Milan no. 2,899,366 shares (equal to 0.09% of the share capital), at a weighted average price per share equal to 14.1966 euro, for a total consideration of 41,161,173.19 euro within the treasury shares program approved by the Shareholders’ Meeting on 14 May 2025, previously subject to disclosure in accordance with applicable legislation.
Mercedes-Benz Special Trucks takes part at the “Day of the German Armed Forces” Mercedes-Benz Special Trucks is contributing to this year’s “Day of the German Armed Forces” on June 28, 2025 at the military training area in Diez by showcasing a special Unimog. The Unimog is equipped as an ambulance vehicle by EMPL Fahrzeugwerk GmbH. Product experts from Mercedes-Benz Special Trucks will be on hand to explain the numerous functions of the highly off-road capable vehicle, which can be used to provide professional first aid at locations that are difficult to reach.
Every year, the German armed forces open their doors to interested visitors on “Day of the German Armed Forces”. At a total of ten locations, soldiers and civilian employees invite visitors to their barracks, training areas, airfields and research facilities. This day brings the various professions, the extensive tasks of the Bundeswehr and military technology to life.
All-wheel-drive helper with modern rescue technology
The all-terrain truck creates the conditions for professional first aid for up to four lying or six seated patients in the fully equipped vehicle interior. The Unimog ambulance on display has a torsion-free box body with insulating panels and offers a fully equipped treatment room including oxygen supply, fresh air filter system, split air conditioning system and auxiliary heating. The ambulance body is prepared for medical equipment in accordance with European standard EN1789. This means that the vehicle and trained personnel are quickly ready for action. Special glare-free interior lighting ensures a well-lit workplace and can be switched to camouflage light mode if required. A built-in intercom system allows the medical team to stay in contact with the driver while driving.
China’s first self-developed ultra-deep-water gas field, Shenhai-1, reached full production on Wednesday, becoming the country’s largest offshore gas field by output, according to operator China National Offshore Oil Corp (CNOOC).
All 23 subsea wells at the field are now in operation, reaching a peak daily capacity of 15 million cubic meters, it said.
The full commissioning is a key step for China in achieving large-scale deep-sea oil and gas development through the construction of deepwater gas field clusters, CNOOC said. It is significant for safeguarding national energy security, driving regional economic development, and the building of a strong maritime nation.
Shenhai-1 was developed in two phases, with work on phase one beginning on June 25, 2021. The field has proven natural gas reserves exceeding 150 billion cubic meters and operates in water depths below 1,500 meters, with well depths exceeding 5,000 meters.
CNOOC has described Shenhai-1 as China’s deepest and most challenging deepwater gas field to be developed to date, with temperature and pressure levels exceeding those in comparable fields.
Longi announce plans for solar panel factory in Indonesia Chinese solar technology giant Longi Green Energy Technology Co announced plans for a solar panel manufacturing facility in Indonesia on Wednesday.
According to Longi, the facility, which will be run in conjunction with Indonesia’s state-owned Pertamina New & Renewable Energy company, underscores a shared commitment to advancing renewable energy adoption in Southeast Asia and Indonesia’s ambitious energy transition goals.
The new facility, located in Deltamas, West Java, will have an annual production capacity of 1.6 GW and set to commence manufacturing preparation by June 2025, significantly boosting Indonesia’s domestic solar PV production capabilities.
new device to convert tire friction into clean energy Chinese scientists has developed a groundbreaking device capable of converting the friction between vehicle tires and roads into clean electricity. The device, called the roadbed tribological energy harvester (RTE harvester), presents a novel approach to harnessing a vast and previously untapped source of energy.
An estimated 85 percent of a car’s energy is lost to heat and friction, with tire-road interaction alone holding an untapped energy potential of around 0.3 terawatts annually worldwide, equivalent to the yearly output of 30 dams of the Three Gorges project in China.
The researchers from Beijing Institute of Nanoenergy and Nanosystems (BINN) under the Chinese Academy of Sciences crafted an energy collector embedded in the roadbed, capable of achieving a peak power output of 16.4 milliwatts from a single tire impact and achieving an impressive energy conversion efficiency of 11.7 percent.
The device, formed by a freestanding layer triboelectric nanogenerator array, is robust, operating stably across temperatures from minus 40 to 60 Degrees Celsius and varying humidity levels, making it suitable for diverse global climates, according to the study published recently in the journal Science Advances. Its low cost, estimated at just $71.3 per square meter, makes it a highly viable solution for widespread adoption across extensive road networks globally.
Equipped with a self-powered intelligent and connected transportation system, the innovation can supply energy to devices that monitor vehicle speed and weight, enhancing road safety and management without relying on external power sources.
Saab receives order from FMV for additional Gripen E equipment Saab and the Swedish Defence Material Administration (FMV) have signed a contract regarding additional equipment for manufacturing of Gripen E. The order value amounts to approximately 2.9 billion SEK.
To secure continued operation of the full Swedish Gripen C/D fleet, alongside delivery and introduction of Gripen E to the Swedish Armed Forces, FMV is acquiring new equipment for use in the Swedish order of 60 Gripen E fighters.
“We are very happy to support the Swedish Air Force to safeguard our air domain. This contract ensures full availability of the Gripen C/D fleet and, at the same time, enables Gripen E to be introduced into the Swedish Armed Forces with new equipment, securing its operational life for decades to come,” says Lars Tossman, head of Saab business area Aeronautics.
This contract is supplemantary to the original Gripen E contract, signed in February 2013, which was based on the intention of reusing certain equipment from the existing Gripen C/D fleet within the Swedish Armed Forces.
EV U-turn: Brands that have ditched or delayed electric car plans With the sales of EV slowing globally, many car makers have announced they are delaying their previous commitments to going electric-only in favour of keeping flexibility in their offerings to make sure they cater for all buyers and protect the bottom line.
Since the start of 2024, a number of auto brands have announced delays or a watering down of battery car strategies.
And the snowball is only gathering size and speed, with the industry’s challenges – charging infrastructure issues, wavering government policies, tariffs and stalling private uptake – triggering the realisation that some EV deadlines are ‘too ambitious’.
So, which auto makers have announced that they will be re-thinking their plans to go all-electric? And from when?
Here are the brand that have confirmed they’ve postponed shifting to all-electric line-ups in favour of keeping combustion cars around for longer.
Mercedes-Benz
Volvo
Audi
Porsche
Ford
Aston Martin
Bentley
Lamborghini
Alfa Romeo
Lotus
BMW put plans to invest £600m in electrifying the Mini Oxford plant on ice due to a slower than expected take-up of EVs.
Tesla’s market share across Europe is now just 1.2 per cent Tesla has seen its sales in Europe plummet once more despite an overall rise in the sale of electric vehicles. Elon Musk’s firm has now suffered falling sales across the EU and UK region for five straight months, with a 27.9 per cent drop year-on-year to May. Electric car sales rose 27.2 per cent during the same period. Analysts have highlighted an ageing model range as one key issue for the firm falling behind its rivals, with manufacturers in Europe and China all bringing out new EV models in a bid to win over consumers in the expanding market. Tesla released a revamped Model Y in March to try to compete with those. BYD overtook Tesla in European sales in April, and made almost as many sales in May.
Ireland Shuts Last Coal Plant Ireland will become the fifteenth European nation without coal in its energy mix following a recent announcement.
The ESB Moneypoint power station was built in the 1980s to help alleviate the effects of the oil shock, and remains today in County Claire as the last coal-capable asset in the country.
It will be converted to burn emergency oil reserves following a surge in renewable energy production. According to Beyond Fossil Fuels, Ireland joins Belgium, Sweden, Austria, Portugal, and the UK, who have already stopped using coal, accompanied by Spain and Slovakia who are also completing their coal phase-outs this year.
Cyprus, Lithuania, Latvia, Switzerland, Estonia, Norway, Malta, Albania, and Luxembourg never burned coal at the grid level. This leaves Serbia, Montenegro, Poland, Germany, France, Italy, Slovenia, Bosnia Herzegovina, North Macedonia, Finland, Hungary, Bulgaria, Czechia, Romania, Croatia, Greece, Denmark and the Netherlands who rely on coal to some degree.
Commentary: Time for the government to rethink putting levies on energy bills The government has unveiled a ten-year plan, via its new Industrial Strategy, to boost investment, create skilled jobs and make Britain the best place to do business. This is a welcome development, with stability essential for encouraging clean energy investors to grow here in the UK.
A key announcement from the plan includes a new British Competitiveness Scheme, which could cut costs by up to £40 per megawatt hour for over 7,000 manufacturing firms from 2027. The government suggest this would be achieved by exempting eligible firms from levies on bills, including the Renewables Obligation, Feed-in Tariffs and the Capacity Market.
The government will shortly be consulting on some of the key details of this scheme, not least which organisations will be eligible and who will pay for these levies, which represent important financial support for renewable energy infrastructure.
The Climate Change Committee call
For domestic households, social and environmental levies currently sit disproportionately on electricity bills compared to gas, and this is a major barrier to wider electrification. As part of their progress report to Parliament published today (25 June), the independent Climate Change Committee, have called for their removal in order to speed up heat pump and electric vehicle adoption.
Moving levies into general taxation would be a triple climate win
Good Energy has long advocated that the government should move these policy costs off bills and onto general taxation. We have always stated that shifting these levies would be a fairer way to pay for the green infrastructure that is essential for decarbonising our energy system. This same principle applies if the government is considering making high energy use industrial consumers exempt from levies.
We should be working together to ensure that heating a home with a heat pump is significantly cheaper than gas. Moving these levies would make heat pump running costs much more competitive compared to gas. The current imbalance been driven in large part by the placement of environmental and social levies on electricity bills, essentially creating an incentive to emit carbon.
The government is championing heat pumps through various initiatives, but it currently is not doing anything to address the higher relative running costs. Moving levies into taxation would bring energy bills down for everyone – whether they are ready to make the switch or not. A guaranteed win for the government’s goals on clean power, heat decarbonisation and lowering energy bills.
This is not something that can be said for another huge energy policy change the government is considering — zonal pricing.
Now is the time
With electricity almost four times expensive as gas, and the government championing transitions to electrified forms of heating and transport, it is essential there are no further delays in addressing this imbalance.
The government has rightly recognised that many organisations face a competitive disadvantage due to high electricity costs. Shifting levies off bills can help improve this.
But let’s not forget households as well. Bringing down electricity prices can incentivise more households to install heat pumps, alleviate fuel poverty for homes that use direct electric heating, reduce emissions from homes, as well as reducing our reliance on gas from overseas.
By Simon Shaw, Regulatory Affairs Manager at Good Energy
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
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