London, June 22, 2025 (Oilandgaspress) –-The United States launched targeted strikes on three Iranian nuclear facilities, a move President Trump hailed as a “spectacular military success,” which has significantly escalated Middle East tensions.
Global markets are bracing for impact, with oil prices expected to spike and potential for broader economic consequences, as Iran has retaliated with missile strikes on Israel.
The U.S. involvement has intensified the Iran-Israel conflict, drawing mixed reactions domestically from U.S. lawmakers who are divided on the legality and implications of the strikes. Global markets are bracing for impact as trading resumes. Investors predict a “knee-jerk” reaction, with oil prices expected to spike due to fears of disrupted Middle East supplies. Brent crude, already up 20% over the past month to $79.04, could climb toward $130 per barrel in a worst-case scenario, according to JPMorgan. .Read More By MIchael Kern for Oilprice.com
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $73.84 | Down |
| Crude Oil (Brent) | USD/bbl | $77.01 | Up |
| Bonny Light 20/06/25 CBN | USD/bbl | $81 | — |
| Dubai | USD/bbl | $74.86 | Up |
| Natural Gas | USD/MMBtu | $3.84 | Up |
| Murban | USD/bbl | $77.39 | Up |
| OPEC basket 19/06/25 | USD/bbl | $74.44 | Up |
Chinese EVs help drive Africa’s green transition. From Kenya to South Africa, Chinese electric vehicle manufacturers are ramping up investment in Africa, a move that experts said will accelerate the continent’s shift toward clean mobility and sustainable development.
Chinese EV giant BYD recently announced plans to nearly triple its dealership network in South Africa by next year, as it seeks to expand its market share in the country, according to Steve Chang, general manager of BYD South Africa.
Chang said the company plans to increase the number of its dealerships in South Africa to 20 by the end of this year and aims to further expand its dealerships to 30 to 35 by the end of next year. The company is currently implementing its hybrid and electric dual power train strategy, selling six models in the local market.
Beyond South Africa, BYD is also deepening its presence in the East Africa region.
The Chinese carmaker is collaborating with BasiGo, a provider of electric bus solutions in sub-Saharan Africa based in Nairobi, the capital of Kenya, to merge Chinese EV expertise with Kenyan assembly, financing and renewable infrastructure.
BYD expands EV export capacity BYD announced on Saturday the official delivery of its fifth vehicle carrier, the BYD XI’AN, in the city of Yizheng, East China’s Jiangsu province, marking another significant advancement in its global sales and supply chain layout.
With 16 vehicle decks, the 219.9-meter-long, 37.7-meter-wide BYD XI’AN features a service speed of 19 knots and a loading capacity of 9,200 vehicles, according to BYD, based in the tech hub of Shenzhen, South China’s Guangdong province.
It utilizes cutting-edge LNG dual-fuel clean propulsion technology, significantly enhancing the vessel’s energy efficiency and emission reduction performance.
Previously, BYD has already deployed four vehicle carriers into operation, transporting China’s new energy vehicles to global markets.
The deployment of these vessels has significantly enhanced the company’s overseas delivery efficiency, reduced logistics costs and transport cycles, and accelerated BYD’s global expansion strategy, the company said.
Baker Hughes Rig Count: U.S. U.S.U.S. -1 to 554 Canada +1 to 139
U.S. Rig Count is down 1 from last week to 554 with oil rigs down 1 to 438, gas rigs down 2 to 111 and miscellaneous rigs up 2 to 5.
Canada Rig Count is up 1 from last week to 139, with oil rigs up 2 to 93, gas rigs down 1 to 46 and miscellaneous rigs unchanged at 0.
| Region | Period | Rig Count | Change |
| U.S.A | 20 June 2025 | 554 | -1 |
| Canada | 20 June 2025 | 139 | +1 |
| International | May 2025 | 886 | -5 |
| Baker Hughes |
40 BYD police cars join Hefei police force
From June 11th to 14th, Beijing time , the top computer vision conference CVPR 2025 was held in Nashville, Tennessee, USA. Xpeng Motors was invited to participate in the CVPR WAD (Workshop on Autonomous Driving) seminar, and discussed the latest AI technologies in the industry with autonomous driving peers from industry and academia such as Waymo, NVIDIA, University of California, Los Angeles (UCLA), and University of Tuebingen. Since the AI big model wave, the field of autonomous driving has undergone a technical paradigm shift, from the past model of human handwritten rules to the AI model trained based on massive data. The relevant technical progress has also become a hot topic at CVPR in recent years. At this year’s CVPR WAD, Dr. Liu Xianming, head of XPeng’s World Foundation Model, delivered a speech entitled “Scaling up Autonomous Driving via Large Foudation Models”, systematically introducing the process and methods of XPeng’s self-developed industry’s first ultra-large-scale autonomous driving foundation model, and disclosing its cutting-edge exploration in model pre-training, reinforcement learning, model vehicle deployment, AI and data infrastructure construction, bringing practical experience in the industrial field to peers.
More Energy, Oil & Gas Stories !!! �The squeaky wheel gets the oil�
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
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