London, January 10, 2025 (Oilandgaspress) –-Cold weather is expected to boost demand for heating fuels this month. U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 1.0 million barrels from the week ending December 27 to the week ending January 3, the U.S. Energy Information Administration (EIA) highlighted in its latest weekly petroleum status report. At 414.6 million barrels, U.S. crude oil inventories are about six percent below the five year average for this time of year
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $75.60 | Up |
| Crude Oil (Brent) | USD/bbl | $78.67 | Up |
| Bonny Light 06/01/25 CBN | USD/bbl | $77.17 | — |
| Dubai | USD/bbl | $76.28 | — |
| Natural Gas | USD/MMBtu | $3.83 | Up |
| Murban Crude | USD/bbl | $78.89 | Up |
| OPEC basket 09/01/25 | USD/bbl | $76.13 | Down |
Every solar panel begins its life in a factory, where the complex process of manufacturing takes place. Their creation involves intricate steps, starting from transforming raw silicon into solar cells. These cells are meticulously arranged and encapsulated to withstand environmental elements. Despite these complexities, the efficiency and cost-effectiveness of manufacturing solar panels have improved significantly over the decades. The creation of a solar panel is a delicate dance of technology and craftsmanship. It’s like baking a complicated pie, where each ingredient must be exact for the final dish to be just right. The panels must be sturdily mounted to endure wind, rain, and the test of time. Installation experts play a vital role here, akin to skilled artisans crafting a masterpiece. This phase determines the efficiency of energy production, making it crucial for the panel’s overall performance. Once solar panels significantly degrade, there remains hope for their continued use. Some panels can be repurposed to serve in less demanding applications, such as powering sheds or greenhouses. This ability to continue contributing to energy needs even in a diminished capacity extends their lifespan.Eventually, solar panels reach the end of their productive life and must be disposed of properly. Many facilities now specialize in recycling these panels, extracting valuable materials for reuse. Read More
(Reuters) – TotalEnergies agreed to pay $5 million to settle claims by U.S. energy regulators that it and some of its traders allegedly manipulated the natural gas market in 2009-2012.
The settlement is much smaller than the $214 million the U.S. Federal Energy Regulatory Commission had sought from TotalEnergies’ Total Energies Gas & Power North America unit and some of its traders.To fully resolve the claims and allegations, the TotalEnergies unit agreed to pay $5 million in restitution to certain agreed-upon non-governmental organizations, FERC said in an order on Wednesday. Read More
Volkswagen (VW) sold fewer of its own-brand cars in 2024 than in the previous year, according to a statement published on Thursday.
Global deliveries reportedly fell by 1.4% to around 4.8 million vehicles, the company said, with sales declining in particular in China, VW’s most important market..Almost 2.2 million VW vehicles were delivered to China in 2024, 8.3% fewer than in the previous year, the statement said.
In Europe, meanwhile, sales fell by 1.7% to 1.25 million vehicles.
“We are nevertheless starting the new year with optimism,” Sander said.
Deliveries of VW vehicles increased by 18% in North America and 21% in South America in 2024.
The company said the best-selling model worldwide was once again the Tiguan SUV, followed by the T-Roc. Demand for SUVs was high overall, amounting to 47% of total deliveries, up 1.4% from the previous year, according to VW’s statement. Read More
(Reuters) -Sweden’s Volvo Group is proceeding with its planned $700-million heavy-truck factory in Monterrey, Mexico, CEO Martin Lundstedt told Reuters on Wednesday, even as President-elect Donald Trump threatens to impose U.S. tariffs on imports of vehicles and other goods.The maker of Volvo and Mack semi-trucks has targeted growth in North America, which accounts for about 30% of company revenue, as a strategic priority and expects the plant to start operations in 2026. It expects the factory to deliver vehicles to the United States, Mexico and Canada, as well as to Latin America. Read More
Sony Honda Mobility Inc. (SHM) announced the first model to be sold under the AFEELA brand at CES® 2025 – AFEELA 1. AFEELA 1 is scheduled for U.S. production at an existing, state-of-art plant in Ohio with official sales in California anticipated in 2025 and deliveries anticipated in mid-2026(*1). AFEELA 1 will be available in two trims, with prices starting from $89,900 with a 3-year complementary subscription for certain functionality and features. Online reservations through the AFEELA website are now open with a fully refundable reservation fee of $200. AFEELA 1 is equipped with Advanced Driver Assistance Systems (ADAS) that reduces driving stress and provides a safe and secure mobility experience, as well as an interactive personal agent that enables communication with the vehicle. The cabin features a unique sound system and displays optimally placed for each seat, allowing occupants to enjoy a variety of apps and entertainment content. The vehicle’s performance is designed to provide a sense of unity with the driver, ensuring agile and stable handling while offering a high-quality ride for all passengers. The exterior and interior design pursue a harmonious and timeless aesthetic to the details, and the interior employs high-quality functional materials that use plant-derived and recycled sources for some of the raw materials. AFEELA 1 can be upgraded and expanded via OTA (Over-the-Air) updates. The delivery of AFEELA 1 in the Japan market is scheduled to begin in 2026. Read More
Sony Honda Mobility of America Inc. (SHMA) announced at CES® 2025 that it will open the AFEELA Studio & Delivery Hub, two new spaces where visitors can directly experience the AFEELA brand, in Torrance and Fremont, California, forecasted for the second half of 2025. These hubs will provide visitors with the opportunity to interact with the advanced technology and innovation of AFEELA vehicles At the AFEELA Studio & Delivery Hubs, the brand’s first model, AFEELA 1, will be on display. Visitors will have the opportunity to interact with the vehicle and have their questions answered by experts with extensive knowledge of its innovative features. Visitors also will have the opportunity to demo drive the AFEELA 1. After the official launch of AFEELA 1, the hubs will serve as the location where customers can receive their vehicles. Read More
At the Brussels Motor Show,
Renault is revealing the interior of Twingo E-Tech electric prototype, a show car previewing the design approach of the future production vehicle, set to go on sale in 2026. True to the spirit of the first generation with its spacious and functional layout, the interior revisits the iconic features of the first Twingo. The dashboard of Twingo E-Tech electric prototype, which is airy, cylindrical and suspended is both attractive and functional. It is an eminently modern vehicle with a 7-inch digital instrument panel and a 10.1-inch central multimedia screen. As well as providing connectivity, these features add a fresh, dynamic touch to the onboard experience, with their original graphics. Sitting alongside the three buttons for the air conditioning, the red hazard warning lights button in a translucent bubble stands out visually, evoking memories of the first Twingo.
Every aspect of the interior is designed to make life easier Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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