ENERGY

Authored by Duggan Flanakin via RealClearEnergy,

According to Electrly, the electric vehicle charging manufacturer, it takes an average of 90 kilowatt-hours of electricity to fully charge a Tesla Model Y long range all-wheel-drive vehicle, 83 kWh for the Model Y performance version, and 67 kWh for the standard range Model Y. 

Each Tesla uses between 0.24 to 0.30 kWh per mile, or about 4,500 kWh over a year for 15,000 miles of driving. Other electric vehicles use more or (more…)

Crude prices remain lower this morning ahead of the official inventory data – though continuing yesterday's somewhat chaotic intraday swings. This is notable as oil options markets are pricing in the lowest volatility in six years – despite the potential geopolitical chaos.

Overnight, API reported a bigger than expected crude and gasoline draw; traders are anxiously awaiting the official confirmation.

API

• Crude -1.9mm (-1.3mm exp)

• Cushing-1.2mm (more…)

Oil prices briefly spiked after last night's API-reported big crude draw, but that reverted back lower fast. Overnight has seen a small roller-coaster with prices slipping during the US session and then a series of bad news data point in the US sparking a 'good news for Fed cuts' response in oil prices, holding just above green on the day.

The question is – was API's data fluke…

API

• Crude -9.16mm – biggest draw since mid-Jan 2024

• Cushing (more…)