Top Energy/Automotive News; Oil Prices continues to fluctuate
London, 27 June, 2023, (Oilandgaspress) : An additional 1 million barrels per day (bpd) unilateral cut by Saudi Arabia, set to take effect in July, coupled with seasonally stronger demand, should help to physically tighten the market in Q3,” BIM Research said in a report by Reuters.
Hyundai Motor Company is testing the performance capabilities of its IONIQ 5 N — N brand’s first high-performance, all-electric model — at the challenging Nürburgring racing circuit in Germany in preparation for its world premiere in July. For IONIQ 5 N, Hyundai Motor has fused its Electrified-Global Modular Platform (E-GMP) with N’s motorsport-bred technologies and expertise to maximize the EV’s high performance capabilities and ensure it meets N’s three pillars of N performance: Corner Rascal, Racetrack Capability and Everyday Sportscar. To achieve this, Hyundai Motor combined the strengths of Namyang R&D Center located in South Korea and its European Test Center at the Nürburgring, which is an extension of Hyundai’s European R&D center in Rüsselsheim, Germany, where the brand’s European design and engineering teams have been based since 2003. By having a full-time presence at the track, Hyundai’s N team of engineers are able to evaluate and develop the durability and driving dynamics of its vehicles more effectively and more often. Read More
Orders are now open at Alfa Romeo’s showrooms for the New Giulia and Stelvio Quadrifoglio, an iconic symbol that brings with it a century-old search for technical excellence applied to competitions and production cars. The iconic, technical purity and technology come together to place the cars at the apex of their respective segments: best in class for handling and power-to-weight ratio, for a unique, direct and engaging driving experience like a true Alfa Romeo.
Even more technology, more power with 520 hp and the utmost technical sophistication, courtesy of the mechanical limited-slip differential.
The Giulia and Stelvio “Quadrifoglio” are the result of a century-old quest for technical excellence applied to competitions and production cars. The 2.9-liter V6 engine has been turbocharged to 520 hp (for Europe, the UK and China) and is combined with the mechanical limited-slip differential. As a result of specific tuning derived from the Giulia GTA design experience, this important technical device contributes to the improvement of the car’s behavior and traction, by optimizing torque transfer and increasing stability, agility and cornering speed. Best-in-class driving dynamics, the result of surprising lightness, given the use of ultra-light materials such as aluminum for the engine and carbon fiber for the transmission shaft, bonnet, spoiler and side skirts. In the Giulia, the aerodynamics remain active with the carbon-fiber front splitter: when activated, it controls the quality of air flow under the vehicle, to increase stability and performance. Last but not least, the Akrapovič exhaust system, for its unmistakable sound.. Read More
According to the J.D Power 2023 Initial Quality Study (IQS), Alfa Romeo gets stunning achievement, strongly improving its IQS score vs. 2022, bucking industry trend.
J.D. Power surveyed new-vehicle buyers about their first three months of ownership, and tracked problems per 100 vehicles (PP100) to measure the brand performance. These are the Italian Brand’s achievements:
Alfa Romeo 1° among premium brands and 3° in industry, 24 places higher than its 2022 finish
Alfa Romeo, together with Maserati most-improved premium brands.
Alfa Romeo Stelvio best Compact Premium SUV
Alfa Romeo gets on the top step of the premium brands’ podium and on the 3° in the whole industry in the J.D. Power 2023 U.S. Initial Quality Study (IQS). Alfa Romeo soared 24 places – the greatest jump in this year’s IQS – to finish first among premium brands and third in the industry. Furthermore, The Alfa Romeo Stelvio also claimed top honors in the study’s compact premium SUV segment. Since way back in 1910, Alfa Romeo’s history has covered over 100 years, thrilling entire generations and experiencing together with the country all the social evolutions that shaped Italy in the 20th century. Read More
Bentley Lugano officially opened last night with a launch event featuring the full Bentley range and attended by both existing customers and prospects. Bentley Lugano constitutes the fifth retail partner in Switzerland, situated in the Canton of Ticino.
Located close to the city centre, and just off the E35 in Via Cantonale, Grancia, Bentley Lugano combines a 450sqm showroom with a shared workshop facility that offers three vehicle lifts dedicated to Bentley customer cars.
Owners and brand enthusiasts can visit the showroom to view the latest range of the Bentley models, including a Continental GTC in Khamun, and a Continental GT V8 Azure, in Kingfisher Blue, both of which were present for the opening of Bentley Lugano as well as celebrating the 20 years anniversary of the Continental GT. Alongside this duo was a Flying Spur Speed, in Anthracite Satin, showcasing Bentley’s craftsmanship as the world’s finest luxury, four-door grand tourer.
The new Lugano partnership strengthens Bentley’s existing presence in Switzerland, where the most sought-after British luxury car brand already is represented by Bentley Basel, Bentley Geneva, Bentley Zug and Bentley Zurich. The opening of Bentley Lugano comes at an important moment in the company’s history. Roland Oberlehner, General Manager, Bentley Lugano, explained: Read More
The recently-announced Bentley Continental GT Le Mans Collection will make its European static debut at 2023 Le Mans Classic as part of the largest presence by Bentley to date. The public will be able to enjoy different Bentley touchpoints next to the village, in the paddock, and at the ‘raccordement’.
This year’s Le Mans Classic will see a collection of Bentley models, displayed statically at the Club Azure/Garden 24, adjacent to the heart of the Le Mans track, the village and in the paddock. To celebrate the sixth win of Bentley at Le Mans 24 Hours, the brand is highlighting six milestones honouring the history of the brand.
MILESTONE 1: GT LE MANS COLLECTION – 1 OUT OF 24
Firstly, a limited-edition of 48 Continental GTs globally, including 24 coupes in Europe, have been created to mark 20 years since Bentley’s sixth victory at the 24 Hours of Le Mans, and 100 years since the first running of the legendary race. Each of the exclusive GT Le Mans Collection features unique product content such as the three-way Bentley Rotating Display, offering a choice of touchscreen, dual veneer or analogue dials – but with a twist; in place of the standard central dial is a Vitrine displaying an engine valve from the 4.0-litre twin-turbo V8 of the 2003 Le Mans winning Bentley Speed 8. The car will be displayed in the Club Azure area. Read More
People at the center. This is the philosophy with which Automobili Lamborghini dedicates a video to its employees to celebrate the company’s 60th anniversary. A history that has seen incredible achievements, innovations and breakthroughs, all with one common denominator: human capital. The many successes attained would not have been possible without a group of people united in the desire to achieve specific goals, thanks to their skills, passion, and love for the brand and attention to detail, with the determination to offer all fans the absolute best products on the market. With this video, the company wants to celebrate and thank all the people who, day by day and throughout these 60 years, have been and continue to be committed to making Lamborghini cars true global icons. Because “Lamborghini is everyone who has shaped it.” Read More
Bentley Motors today announces the appointment of Robin Page as the new Director of Design, commencing 1 September 2023. Page has over 30 years’ experience in automotive design, most recently holding a number of roles in the Volvo Car Group. This included Volvo Head of Global Design and UX where he was instrumental in creating the design language for Volvo’s electric future. Before his time at Volvo, Page was Head of Interior Design for Bentley between 2001 and 2013, where achievements included the interior design for the iconic first generation Continental GT, the pinnacle of luxury, Bentley Mulsanne, and the State Limousine for the Royal Monarch. Page will report directly to Adrian Hallmark, Bentley’s Chairman and CEO. Hallmark comments:
“I am pleased to welcome Robin back to Bentley having worked with him during a truly formative period in the history of Bentley Motors, launching the sector-defining Continental GT. “He joins at a time when we are shaping an even greater story as we accelerate our journey to full electrification by 2030. His previous experiences from innovative automotive design, combined with a strong understanding of the Bentley brand means he is perfectly positioned to enable us to achieve our future ambitions as the leader in sustainable luxury mobility.” Working at Bentley’s headquarters in Crewe, UK, Page will lead a team of approximately 50 design experts with responsibility for the exterior, interior and colour and trim design for the full current and future Bentley product portfolio, concept and showcars. Read More
Aston Martin has continued its year-long celebration of the brand’s historic 110th anniversary, with a special visit from His Royal Highness The Duke of Gloucester to the company’s headquarters in Gaydon, Warwickshire.
2023 marks 110 years since founders Lionel Martin and Robert Bamford officially formed the partnership that went on to create the first Aston Martin car, igniting more than a century of automotive intensity, cutting-edge British innovation, and high-octane racing success.
Accompanied by the Lord Lieutenant of Warwickshire, Mr Tim Cox, The Duke toured the British manufacturer’s world-class centre for sports car design, innovation and engineering. He also had an opportunity to see its latest products, including the recently launched DB12 which is proudly hand built at the Warwickshire facility. In addition to showcasing its next generation of sportscars, Aston Martin’s dedication to nurturing and empowering the next generation of talent was also evident with His Royal Highness meeting some of the company’s apprentices and graduates, spanning a diverse range of disciplines such as marketing, design, manufacturing and engineering. Read More
Two new PV projects developed by CTG, Huohongmalu and Maoniuping , as part of a national green energy demonstration base in the lower reaches of the Jinsha River, have been connected to the power grid in late April.With an installed capacity of 150 MW and 105 MW, the two new projects generate 429 million kWh of clean electricity each year, which is equivalent to reducing approximately 409,900 tonnes of CO₂ emissions and saving 171,400 tonnes of standard coal. Read More
China’s first 13 MW offshore wind turbine was successfully hoisted off the coast of Pingtan, Fujian On June 23, the hoisting of the 13MW offshore wind turbine in Pingtan, Fujian was successfully completed.
It is reported that the hub center height of the unit is 130 meters, and the sweeping area of the wind rotor is 35,000 square meters. Under the design wind speed, each revolution can generate 22.8 degrees of electricity. A single unit can output 50 million degrees of clean electricity per year, which can meet The normal electricity consumption of 25,000 three-person households for a year can reduce coal consumption by 15,000 tons and carbon dioxide emissions by 38,000 tons, which has significant energy-saving and emission-reduction effects. China Three Gorges Group owns the self-elevating and self-propelled integrated wind power installation platform with the strongest domestic lifting capacity, the deepest operating water depth, the largest variable load, and the largest deck area – “Baihetan”, which participated in the country’s first 13 MW large wind power installation platform. The hoisting of high-capacity offshore wind turbines helps escort the efficient development and utilization of offshore wind power resources in my country. Read More
As of today, FIAT stops producing gray cars. The decision was made to enhance the importance of colors in life, embodying the Italian way of living and reaffirming the Brand’s New Dolce Vita value.
Italy is indeed related to bright colors such as the Sea of Italy, the Sun of Italy, the Earth of Italy and the Sky of Italy; landscapes that provide FIAT with a lot of inspiration for its cars. The strategy is implemented to add a distinctive feature to FIAT’s cars in the automotive market, as 2023 is the year of a remarkable change for the Brand.In the new dedicated video, thanks to which customers can discover FIAT brand-new colorful world, the brand’s CEO Olivier Francois aboard the new Fiat 600e takes a deep dive into colour, under the claim “ITALY. THE LAND OF COLORS. FIAT. THE BRAND OF COLORS”. The current FIAT range – New 500, 500 Hybrid, 500X, Panda and Tipo – is available in different shades of colors among those: Gelato white, Sicilia orange, Paprika orange, Passione red, Blu Dipinto di Blu, Italia blue, Venezia blue, Rugiada green, Foresta green, Rose gold and Cinema black – all with an evocative name that remind of Italian beautiful landscapes and dolce vita mood. Read More
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $69.70 | Up |
| Crude Oil (Brent) | USD/bbl | $74.48 | Up |
| Bonny Light | USD/bbl | $73.93 | Up |
| Saharan Blend | USD/bbl | $74.45 | Up |
| Natural Gas | USD/MMBtu | $2.76 | — |
| OPEC basket 26/06/23 | USD/bbl | $74.65 | Up |
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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