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The Headquarters of the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna, Austria on 17 December, 2018.
Beata Zawrzel | NurPhoto | Getty Images

LONDON — A group of some of the world’s most powerful oil producers will likely agree to continue increasing their output at a meeting on Tuesday, analysts say, as oil prices climb amid growing optimism over the fuel demand outlook.

OPEC and its non-OPEC partners, an alliance often referred to as OPEC+, will meet via videoconference to discuss the next phase of production policy.

It comes as the Middle East-dominated group, which is responsible for over one-third of global oil production, seeks to balance an expected upswing in demand with the potential for an increase in Iranian output.

OPEC+ announced massive crude production cuts in 2020 in an effort to support prices when the coronavirus pandemic coincided with a historic demand shock.

In April, the group opted to return 2.1 million barrels per day of supply back to the market over the May to July period, reflecting an optimistic outlook for improved mobility despite ongoing concerns about Covid worldwide.

OPEC+ is expected to reiterate this decision to gradually increase output during this week’s meeting.

“I think the event itself is going to be a non-event. We expect them to basically re-confirm the plan that they laid out on April 1,” Jeffrey Currie, global head of commodities research at Goldman Sachs, told CNBC’s “Street Signs Europe” on Tuesday. “I think the bigger issue underlying this is: How are they going to deal with Iran?”

Iran is currently in discussion with six world powers to revive its 2015 nuclear deal. The restoration of a deal could lead to more oil on the global market in the coming months.

“It’s too early to give specific numbers around Iran … So, I think the best you can hope for in terms of how they are going to deal with Iran is the indication that they are willing to offset any increases in Iran. That could be the positive upside surprise coming out of this meeting,” Currie added.

The flag of Iran is seen in front of the building of the International Atomic Energy Agency (IAEA) Headquarters ahead of a press conference by Rafael Grossi, Director General of the IAEA, about the agency’s monitoring of Iran’s nuclear energy program on May 24, 2021 in Vienna, Austria.
Michael Gruber | Getty Images News | Getty Images

OPEC Secretary-General Mohammad Barkindo on Monday said in a statement that he did not believe higher Iranian supply would be a cause for concern.

“We anticipate that the expected return of Iranian production and exports to the global market will occur in an orderly and transparent fashion,” Barkindo said.

International benchmark Brent crude futures traded at $70.75 a barrel on Tuesday morning in London, up around 2%, while West Texas Intermediate crude futures stood at $68.11, more than 2.7% higher from Friday’s close — with no settlement price on Monday due to a U.S. public holiday.

Oil prices have climbed more than 30% since the start of the year.

Iran likely to act ‘constructively’

“I think everybody is expecting Iran to add a lot of volume. So, beyond the July increase, they aren’t likely to come out with any commitment,” Amrita Sen, chief oil analyst at Energy Aspects, told CNBC’s “Squawk Box Europe” on Tuesday.

“We know that as demand rises, we will need more OPEC barrels, but I think Iran is going to be the big question mark for them,” Sen said.

OPEC+ initially agreed to cut oil production by a record of 9.7 million barrels per day last year as global fuel demand collapsed, before easing cuts to 7.7 million and eventually 7.2 million from January. As of July, the group’s production cuts are on track to stand at 5.8 million.

“The most consequential issue for OPEC+ over the short term relates to the potential rise of Iranian production as a result of the US and Iran returning to JCPOA compliance,” analysts at Eurasia Group said in a research note, referring to the acronym for the nuclear deal: the Joint Comprehensive Plan of Action.

Analysts at the risk consultancy said it believed progress in successive rounds of talks made a return to the deal likely in the third quarter of 2021.

“Over the medium term, OPEC+ will most likely adjust its policy to prevent the addition of Iranian barrels from derailing its market balancing strategy,” they continued. “Saudi Arabia will likely lean on Russia to better understand the scope of Iranian policy to work on adjustment plans. Iran would also probably act constructively as higher oil prices serve its own interests.”

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Prime Day-1 Green Deals: Save hundreds on Segway EVs, Exclusive EcoFlow low, Anker SOLIX, Navimow, Greenworks, and much more

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October 7, 2025

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Prime Day-1 Green Deals: Save hundreds on Segway EVs, Exclusive EcoFlow low, Anker SOLIX, Navimow, Greenworks, and much more

Amazon’s Prime Big Deal Days event is in full swing now and we’ve got an excitingly packed edition of Green Deals today with some of the first day’s best savings opportunities, with the many others having been rounded together in our Prime Day Green Deals hub, which we will continue updating through the rest of the week. Leading today’s bunch is Segway’s Fall Prime Day Sale that is taking hundreds off its EVs – including the premium Max G3 Smart Electric Scooter for $1,100, as well as the Xafari and Xyber e-bikes hitting return and new low prices, among others. We also have an exclusive $2,000 savings on EcoFlow’s DELTA Pro Ultra with a FREE 400W solar panel at its $3,799 low, Anker’s latest SOLIX C1000 Gen 2 Portable Power Station dropping to a new $379 low, and much more waiting for you below.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Save up to 46% on Segway EVs for Prime Day, like the premium Max G3 smart e-scooter at $1,100 (Reg. $1,200), more

Segway has launched its Fall Prime Day Sale, with up to 46% discounts on a selection of its EVs directly from its website, as well as through Amazon. One notable price cut that’s been a long time coming is the Segway Max G3 Electric Scooter dropping to $1,099.99 shipped, with the price matched at Amazon too. It carries a $1,500 MSRP, though we’ve seen it keep down at $1,200 for the majority of the year since releasing in March, save for the $900 and $1,000 pre-sale and launch deals. Aside from those first-time discounts, you’re otherwise getting the best price since during this event, giving you $100 off the going rate for the third-best price we have tracked. Head below for more on this advanced cruiser and the other models benefiting from discounts.

The latest generation in the series, Segway’s Max G3 e-scooter, picks up the mantle from its beloved second-generation predecessor and takes things further with upgrades, like the 800W motor that can peak as high as 2,000W to tackle up to 30% inclines and hit top speeds of 20/28 MPH. Featuring a boost mode, acceleration can be ramped up getting you from 0 to 15.5 MPH in 2.4 seconds before increasing further up to its higher speeds. There’s also the 597Wh battery that allows for up to 50 miles of travel after only 3.5 hours of charging – which can be cut down to 2.5 hours by using the alternate DC charging cable simultaneously with the AC cable.

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Some of the Segway Max G3’s upgraded features include the Stability Enhancement System, as well as the Apple Find My inclusion, so you’ll always know where it is, especially if unfortunately stolen – plus, proximity locking and unlocking for even more bolstered security. You’ll also be getting dual suspension, 11-inch self-sealing tires, the automatic 6W headlight, underglow deck lighting, and a 2.4-inch smart TFT display, which provides navigation, caller ID, and smart charge management through your phone.

Segway’s full Prime Day EV deals:

  • C2 Lite eKickScooter for kids: $150 (Reg. $200) | matched at Amazon
    • 9.9 MPH for up to 5.9 miles
  • C2 eKickScooter for kids: $160 (Reg. $250) | $20 less at Amazon
    • 9.9 MPH for up to 6.8 miles
  • C2 Pro eKickScooter for kids: $230 (Reg. $300) | matched at Amazon
    • 12.4 MPH for up to 9.3 miles
  • E2 Plus II Electric Scooter: $296 (Reg. $400) | matched at Amazon
    • 15.5 MPH for up to 16 miles
  • E2 Pro Electric Scooter: $400 (Reg. $600) | matched at Amazon
    • 15.5 MPH for up to 21.7 miles
    • Apple Find My, more
  • S2 Self-Balancing Scooter: $530 (Reg. $600) | matched at Amazon
    • 11.2 MPH for up to 21.7 miles
  • Max G2 Electric Scooter: $750 (Reg. $1,400) | matched at Amazon
    • 22 MPH for up to 43 miles
    • Traction Control System, Apple Find My, more
  • F3 Electric Scooter: $750 (Reg. $1,000) | matched at Amazon
    • 20 MPH for up to 44 miles
    • Traction Control System, Apple Find My, auto proximity locking, more
  • ZT3 Pro All-Terrain Electric Scooter: $850 (Reg. $1,300) | matched at Amazon
    • 24.9 MPH for up to 43.5 miles
    • Traction Control System, Apple Find My, auto proximity locking, more
  • MAX G3 Electric Scooter: $1,100 (Reg. $1,500) | matched at Amazon
    • 28 MPH for up to 50 miles
    • Traction Control System, Apple Find My, auto proximity locking, more
  • Xafari Electric Bike: $2,000 (Reg. $2,400)
    • 20 MPH for up to 88 miles
    • Traction Control System, Apple Find My, auto proximity locking, and much more
  • Xyber Electric Bike: $2,900 (Reg. $3,300)
    • 35 MPH for up to 112 miles
    • Traction Control System, Apple Find My, auto proximity locking, and much more

You can browse Segway’s full Fall Prime Day Sale lineup on the landing page here.

ecoflow delta pro ultra outside on curb next to solar panels

Score $2,000 in exclusive savings on EcoFlow’s DELTA Pro Ultra power station with a FREE 400W solar panel at $3,799 low

Folks looking for significantly more backup power support to cover home systems will find an ample opportunity in the exclusive savings we’ve got for our readers from Wellbots, where you can now pick up the EcoFlow DELTA Pro Ultra Portable Power Station with a FREE 400W solar panel for $3,799 shipped, after using the code 9TODPU5 at checkout for an additional 5% off. Dropping down from its $5,799 MSRP to $3,999, the extra savings takes the cost back down to the best rate we have tracked, though in the past those deals never included the free solar panel. Not only are you getting $2,000 in exclusive savings for a return all-time low on the initial inverter + battery combo that makes up the base power station, but you’re getting FREE solar gear added on for expanded capabilities.

If you want to learn more about this solar generator bundle, be sure to check out our original coverage of this exclusive deal here.

man and woman make coffee with machine powered by Anker SOLIX C1000 gen 2 power station

You can now score Anker’s latest SOLIX C1000 Gen 2 power station at Amazon for a new $379 Prime Day low

Anker’s official Amazon storefront is undercutting its Prime Day Sale on the pricing of its new SOLIX C1000 Gen 2 Portable Power Station that has fallen down to $379 shipped, which beats out the direct sale pricing by $50. This is the latest model from the brand, which has been carrying a $799 MSRP since hitting the market in August, with the discounts we’ve seen up until now dropping costs as low as $429. Now, during the Prime Day event, you can pick it up with $420 slashed from the MSRP for the best new price we have tracked.

If you want to learn more about this station, be sure to either check out our original coverage of this deal here, or read through our hands-on tested review here.

woman carrying anker powercore reserve power bank station towards car parked near lake
lectric one e-bike
ecoflow early prime day power station sale
anker solix early prime day power station sale

Best Fall EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.


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The cheaper Volvo EX30 Single Motor is finally here, and it starts at under $40,000

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October 7, 2025

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The cheaper Volvo EX30 Single Motor is finally here, and it starts at under ,000

Volvo-cheaper-EX30

The Volvo EX30 is now even more affordable. Volvo launched the EX30 Single Motor in the US, with prices starting under $40,000, but that’s not all.

Volvo adds cheaper EX30 trim for the 2026 model year

Volvo promised it was coming. Although the cheaper EX30 trim was scheduled to arrive in the US by the end of 2024, Volvo ultimately pushed back its arrival as it ramped up production.

Almost a year later, the Volvo EX30 Single Motor is finally available on Volvo’s US website. Prices for the 2026 Volvo EX30 start at just $38,950. That’s a nearly $6,000 price reduction from the 2025 model, which started at $44,600.

The outgoing model was exclusively available in the 422-hp Twin Motor Performance variant, while the 2026 EX30 gains a new Single Motor version.

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The new EX30 model features a single rear-mounted motor with 268-hp. It’s powered by the same 69 kWh battery pack as the Twin Motor version, but offers an EPA-estimated driving range of up to 261 miles. Upgrading to the Twin Motor Performance, with 253 miles range, costs an additional $6,000.

Volvo-cheaper-EX30
The Volvo EX30 (source: Volvo)

Volvo offers the Plus package as standard, but you can upgrade to the Ultra grade, which adds Park Pilot Assist, a 360-degree camera with 3D view, and more, for $46,650.

With charging speeds of up to 175 kW, Volvo said the EX30 Single Motor can recharge from 10% to 80% in 28 minutes.

Volvo-EX30-US-interior
Volvo EX30 interior (Source: Volvo)

Volvo introduced another EX30 variant for the 2026 model year, the more rugged Cross Country version. The 2026 Volvo EX30 Cross Country starts at $48,150 and is only available as an AWD model.

Volvo-EX30-Cross-Country
Volvo EX30 Cross Country (Source: Volvo)

The EX30 Cross Country is “engineered to move effortlessly from city streets to snowy trails and rugged backroads,” Volvo said. It offers higher ground clearance, a blacked-out grille, skid plates, wide wheel arches, and more, perfect for both on- and off-road adventures. It offers a driving range of 227 miles.

2026 Volvo EX30 trim Starting Price Driving Range
Volvo EX30 Single Motor, Plus $38,950 261 miles
Volvo EX30 Twin Motor Performance, Plus $44,900 253 miles
Volvo EX30 Twin Motor Performance, Ultra $46,600 253 miles
Volvo EX30 Cross Country $48,150 227 miles
2026 Volvo EX30 prices and range by trim in the US

The new EX30 is part of Volvo’s revamped 2026 lineup, which also includes significant improvements to the larger EX90. Volvo’s three-row electric SUV now has faster charging times and more computing power than ever.

Volvo’s popular Black Edition package is now available on the EX40, its first EV to receive the blacked-out design upgrade.

Interested in trying one out for yourself? You can use our links below to find Volvo EX30, EX40, and EX90 models available in your area.


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Hyundai is discounting EVs by over $34,000 as price cuts expand beyond the US

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5 hours ago

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October 7, 2025

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Hyundai is discounting EVs by over ,000 as price cuts expand beyond the US

Hyundai-discounting-EVs

After cutting prices on its top-selling electric vehicle by nearly $10,000 in the US, Hyundai is now bringing the savings to new markets. Hyundai is offering discounts of over $34,000 on some of its EVs overseas.

Hyundai is discounting EVs in the US and overseas

Last week, Hyundai announced it was reducing prices on the 2026 IONIQ 5 by up to $9,800 in the US. The 2026 IONIQ 5 starts at just $35,000, making it one of the most affordable EVs available alongside the Chevy Equinox EV and the Nissan LEAF.

Hyundai said the generous EV discounts reflected its “commitment to affordability” as part of its long-term strategy.

Record vehicle sales and higher output at its new EV plant in Georgia are helping reduce costs, which the company said it’s now passing on to buyers.

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The massive EV discounts are starting to pile up after Hyundai cut prices in another market on Tuesday. After launching a series of special offers in Australia on Tuesday, Hyundai is discounting some of its EVs by more than $34,000.

Hyundai-discounting-EVs
The Hyundai Kona Electric (Source: Hyundai Australia)

According to TheDriven, Hyundai reduced prices on select IONIQ 5, IONIQ 6, Inster EV, and Kona Electric models by up to $34,142.

Hyundai’s most affordable electric car, the Inster (which is sadly not sold in the US), received a $3,925 price reduction, and now starts at under $40,000 for the first time.

Hyundai-discounting-EVs
The Hyundai Inster EV (Source: Hyundai)

The IONIQ 6 is heavily discounted, with up to $34,142 off the driveway price on 2023 model year inventory. Hyundai has also reduced the prices of the IONIQ 5 by nearly $10,000. As the report points out, the savings are based on the driveway prices in NSW, which are available nationally.

Hyundai-discounting-EVs
2025 Hyundai IONIQ 5 (Source: Hyundai)

Although Hyundai’s price cuts in the US were in response to the $7,500 federal EV tax credit expiring, the discounts in Australia come as demand for electric cars is at an all-time high. In September, electric vehicles accounted for 11.3% of new car sales.

In the US, Hyundai is still offering a $7,500 cash incentive for 2025 IONIQ 5 models until at least the end of October.

2025 Hyundai IONIQ 5 Trim Driving Range (miles) 2025 Starting Price 2026 Starting Price* Price Reduction Monthly lease cost (October 2025)
IONIQ 5 SE RWD Standard Range 245 $42,600 $35,000 ($7,600) $249
IONIQ 5 SE RWD 318 $46,650 $37,500 ($9,150) $259
IONIQ 5 SEL RWD 318 $49,600 $39,800 ($9,800) $299
IONIQ 5 Limited RWD 318 $54,300 $45,075 ($9,225) $369
IONIQ 5 SE Dual Motor AWD 290 $50,150 $41,000 ($9,150) $309
IONIQ 5 SEL Dual Motor AWD 290 $53,100 $43,300 ($9,800) $349
IONIQ 5 XRT Dual Motor AWD 259 $55,500 $46,275 ($9,225) $379
IONIQ 5 Limited Dual Motor AWD 269 $58,200 $48,975 ($9,225) $419
2025 vs 2026 Hyundai IONIQ 5 prices and range by trim

The 2025 Hyundai IONIQ 5 Standard Range starts at $42,600, while the 2026 model year is priced from just $35,000.

Although it was already one of the most affordable EVs on the market, the IONIQ 5 is hard to pass up with leases starting at just $249 per month in the US. For $10 more per month ($259), you can upgrade to the long-range SE RWD trim, which offers a range of up to 318 miles.

Curious what Hyundai’s electric SUV feels like to drive? You can find available IONIQ 5 models near you through our trusted partner.


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