Autos, Other, Energy
115 storiesSuzuki to launch kei EV e SKY on Nov 16 from ¥2.12 million, Japan's cheapest kei EV
Suzuki said on Oct 6 that it will launch the e SKY, its first kei-class passenger electric vehicle, on Nov 16, with prices from ¥2.12 million including tax — the lowest for a kei EV in Japan, according to Nikkei, Asahi Shimbun and Yomiuri S…
Genesis launches first hybrid GV80 in Korea, starting at 7,680만원
Genesis launched the GV80 Hybrid, its first hybrid model, in Korea on Oct. 6 at 7,680만원 based on the 5% individual consumption tax. The company said the 2.5-litre turbo hybrid produces a combined 352 PS, about 16% more than the GV80 2.5 tur…
Gulf producers keep Hormuz ‘shuttle’ crude exports; volumes said to top pre-war levels
Gulf oil producers including Saudi Arabia are still exporting crude through the Strait of Hormuz via high-risk “shuttle” runs, loading very large crude carriers inside the strait and transferring the oil to ships waiting outside, according …
Tesla leads Korea's imported car sales for eighth month as EV share tops half
Tesla sold 12,372 imported passenger cars in South Korea in September, its eighth consecutive month in first place among import brands, according to Korea Automobile Importers and Distributors Association (KAIDA) data. Total imported passen…
Tesla nears 100,000 Korea imports as BYD passes 20,000
Imported passenger car registrations in South Korea rose 6.3% year on year in September to 34,904 units, with year-to-date registrations up 24.1% to 279,729, according to the Korea Automobile Importers and Distributors Association (KAIDA). …
G7 to release 100 million barrels of oil and diesel reserves over four months
The G7 said Friday it will release up to 100 million barrels of oil and diesel reserves over four months, with a substantial diesel portion front-loaded into the first 20 days and coordinated by the International Energy Agency. President Do…
Oil falls as Middle East crude exports recover and G7 releases reserves
Brent crude for December delivery fell 1.89% to $100.32 a barrel and US West Texas Intermediate for November fell 1.84% to $89.43 on October 5, Yonhap reported, as Middle East crude exports increased and G7 countries moved to release emerge…
Vitol CEO says Western countries have exhausted available oil stocks
Russell Hardy, CEO of Vitol, the world’s largest independent oil trader, said at the Energy Intelligence Forum in London that Western countries have exhausted the oil stocks available to them. He said the oil products market remains very de…
China highway EV charging up 48% over National Day holiday, ministry data shows
Charging sessions at Chinese highway charging facilities reached 2,968,600 in the first three days of the National Day holiday, a daily average of 989,500 and up 48.41% from a year earlier, while charging volume rose 49.39% to 71.6193 milli…
Putin and Sobyanin open Moscow electric battery cluster with two gigafactories
President Vladimir Putin, Moscow Mayor Sergei Sobyanin and Rosatom head Alexei Likhachev took part in opening the Moscow electric battery cluster in the Technopolis Moscow special economic zone on Tuesday, ahead of Moscow Industry Day. Offi…
Google signs 20-year nuclear power deal with Constellation Energy
Google signed a 20-year power purchase agreement with Constellation Energy covering six nuclear plant sites, according to The Verge. Reuters described the agreement as a 3.6-GW power deal; The Verge said the companies expect 890 megawatts o…
Aramco CEO says oil system strained, inventory rebuild may take up to two years
Aramco chief executive Amin Nasser said the world oil supply system is already under pressure and that rebuilding depleted inventories could take up to two years, speaking in London on October 5. Nasser estimated that about 3 billion barrel…
Von der Leyen says EU to cut Russian gas imports to zero; target date disputed
European Commission President Ursula von der Leyen said the EU will bring Russian gas imports to zero, down from a 45% share before the conflict in Ukraine to 12% now. Vedomosti reported the goal as the end of this year, while Kommersant an…
Tankers struck again near Strait of Hormuz as Iran restates conditions for reopening
At least two vessels were struck over the weekend in waters near Oman and Iran, according to the UK Maritime Trade Operations Centre, which reported a crude oil tanker hit by an unknown projectile on Saturday and a second tanker struck in t…
US solar makers say tandem panels could narrow China's lead
Solar panel producers in the United States say they are close to perfecting tandem solar panels, which add second and third layers of material and could generate 25% more energy than most devices available today. Companies including Tandem …
President Lee Calls Farmland Solar an Opportunity, Urges Permit Support
President Lee Jae-myung told a cabinet meeting on Oct 6 that South Korea must move toward an “electricity state” with renewable energy, and solar in particular, at its core, and said converting farmland for solar projects could earn several…
Moldova–Romania power line to be named Trump Liberty Line with $130m US funding
A new 400 kV high-voltage power line between Moldova and Romania will be named the “Trump liberty line”, the US embassy in Moldova said. Washington is financing the $130m Strășeni–Gutinaș project on a grant basis, and a working group involv…
Novak urges stable fuel supplies, faster rules to meet Russian demand
Russian Deputy Prime Minister Alexander Novak, after a regular meeting on the petroleum products market, called on ministries and vertically integrated oil companies to keep ensuring stable fuel supplies to the domestic market. The governme…
Putin says Russia to meet most battery demand by 2030
President Vladimir Putin said Russia will be able to cover most of its domestic demand for batteries by 2030, speaking at the opening of the first complex in a battery production cluster in Moscow, according to Kommersant. He called for a r…
Novak chairs fuel market meeting as officials report reserves, regional price measures
Deputy Prime Minister Alexander Novak chaired a meeting on the fuel market, where the Energy Ministry reported on accumulated fuel reserves and regional authorities presented measures to regulate fuel prices. Novak said there is no diesel s…