Day: June 25, 2022

A new battery from Contemporary Amperex Technology Co Ltd promises to resolve one of the chief complaints that drivers have with electric vehicles: battery range. The next-generation Qilin battery—named after a Chinese mythical creature that appears with the imminent arrival or passing of a sage or respected leader—has a range of more than 620 miles in a single charge, and is 13% more powerful than the next battery Teslas will use. It charges faster than existing cells, and it is also safer and more durable, CATL boasts. CATL will begin…

Read More

A total of 45 percent of UK adults have cut back on non-essential journeys in a vehicle amid soaring fuel prices, the Office for National Statistics (ONS) said in its latest survey published on Friday. As in many other countries, UK gasoline prices have jumped to records this year, with prices setting the biggest daily jump in 17 years in early June. The average UK gasoline price has been around £1.90 per liter this week, or the equivalent of more than $8.80 per U.S. gallon. Rallying gasoline prices compound the cost-of-living crisis in the UK, where energy bills…

Read More

The world’s most-watched oil data report won’t be released this week due to a power problem. Oil prices, meanwhile, are climbing higher on Friday to cancel out losses from earlier in the week. Disruptions, disruptions, and disruptions. Even the Energy Information Administration can’t avoid them, with electricity problems meaning the world’s most-watched oil data report won’t be released this week. Preliminary estimates pointed to the largest crude stock build in the past four months. The EIA hopes to shed more light on that on Monday. Meanwhile, the US Federal Reserve’s unconditional…

Read More