OPEC+’s plans to cut oil production is a “mistake,” according to U.S. Senator Chris Murphy, who said there needs to be a re-evaluation of the alliance between the group’s de-facto leader and the United States.
“I think it is a mistake on their part. And I think it’s time for a wholesale re-revaluation of the U.S. alliance with Saudi Arabia,” Murphy told CNBC’s Hadley Gamble Tuesday.
Murphy said that the United States needed the Saudis to take steps that “may affect their short-term bottom line when it comes to oil revenues,” but which would allow the West to survive the challenge against Russia.
“I just don’t know what the point of the current alliance is, if we have to work so hard to get the Saudis to do the right thing,” the Democratic Party member Murphy said.
U.S. President Joe Biden visited the Saudi government in July in a bid to ramp up oil production and rein in soaring energy prices. Increased production would flood the market with oil, helping to cool global gasoline prices which can hurt the U.S economy when they are sky-high.
Murphy added that he does not think Biden’s visit had gotten what they needed from the Saudis, and cautioned on the United States having any sort of business dealings Saudi Arabia.
Saudi Arabia seems to be working directly against Western interests, said Timothy Ash, senior emerging markets strategist at Bluebay Asset Management.
“Saudi Arabia is working with Russia to limit oil production and boost international oil prices in the middle of a global cost of living crisis – and yet Saudi still thinks it can tap Western capital markets to fund projects like Neom,” he said in an e-mailed comment.
The Neom project is an ambitious city plan founded by Saudi Arabia’s crown prince, which aims at incorporating smart city technologies to build a futuristic town.
Associating with a ‘brutal regime’
“I think you’ve got to be very careful to do business with the Saudis these days, you’re condoning and associating yourself with a brutal regime,” he said.
“A regime [that] frankly, doesn’t seem to be willing to stand with its allies in Europe, in the United States when we really need them to.”
“What’s the point of looking the other way if the Saudis chop up journalists and repress political speech inside Saudi Arabia,” he continued. His comments refer to the killing of Jamal Khashoggi, Washington Post journalist and critic of Saudi Crown Prince Mohammed bin Salman, at the Saudi Consulate in Istanbul in October 2018.
According to a U.S. intelligence report, the Saudi crown prince approved an operation to capture or kill Khashoggi at that point in time. The Saudis deny any involvement by the crown prince, maintaining that the death was the result of a premeditated rendition plan gone awry.
The Saudi Ministry of Foreign Affairs was not immediately available for comment when contacted by CNBC.
OPEC control
“OPEC+ wants to stay in control of the market and wants to keep the market in balance, and ensure what they have achieved over the last few years remains in place,” said commodity analyst at UBS Wealth Management, Giovanni Staunovo.
Staunovo added that oil prices tapered quickly in recent months due to aggressive monetary policy tightening in Europe, as well as the strong U.S. dollar.
Global oil prices skyrocketed to more than $120 per barrel after the Russian-Ukraine war broke out, but have eased to above $80 per barrel more recently.
The analyst added that different interventions by the U.S. administration “irritated” the OPEC players, such as the “massive release from the strategic oil reserves.”
With the U.S. midterm elections coming in November, Staunovo added that lower gasoline prices are something that people would want to see.
“We all know that gasoline prices are an important element for the elections. And in that perspective, all the parties want to see low prices,” he said.
Earlier this year, we covered the unveiling of the NIUMM, an electric microcar designed for urban residents (and especially those with a NIU scooter already, since it shares the same batteries). Now the company is actually bringing it to market.
The electric microcar was on display at EICMA 2025, the Milan Motorcycle Show, where NIU showed off how it shares the same drivetrain as its NQi-series scooters.
The small format L6e quadricycle uses a pair of NQi batteries – the same ones from NIU’s scooters – to power the little not-a-car up to around 70 km (43 miles) at speeds of up to 45 km/h (28 mph). That’s the maximum allowable speed for the L6e class.
For anyone who already owns the scooter, those two batteries may be sufficient. But the range can be nearly doubled by carrying a second pair of batteries in the convenient extra battery slots built into the vehicle.
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When the NIUMM was originally launched, it wasn’t yet clear if it was actually headed for production, or at least when that may be. But NIU’s Director of International, Sieghart Michielsen, explained that the vehicle is finishing homologation testing now, marking the last major obstacle to its commercial launch.
L6e quadricycles have carved out a unique and growing niche in European cities, where their compact size, low speed, and lightweight classification make them ideal for navigating dense urban environments. These light four-wheeled vehicles are limited to a top speed of 45 km/h (28 mph) and a maximum weight of 425 kg (excluding batteries), allowing them to be driven with a moped license in many countries.
That accessibility, combined with their affordability and electric drivetrains, has made L6e quadricycles especially popular among teenagers, city dwellers, and older adults looking for an easy-to-use alternative to cars.
One of the most iconic examples is the Citroen Ami, a no-frills, ultra-compact electric vehicle that has gained cult status in urban areas thanks to its minimalist design, €7,000 price tag, and availability through subscription or car-sharing services. My wife and I spent a week living with a Citroen Ami while on vacation in Greece, and it proved to be a fascinating way to navigate around.
Other standout L6e models like the Renault Twizy, the Microlino, and the Eli Zero, have helped demonstrate real demand for niche, small vehicles. These vehicles offer just enough comfort and protection from the elements for short city trips, while avoiding the cost, complexity, and parking headaches of full-size cars –making them an increasingly attractive option in Europe’s car-light future.
NIU could leverage the growing momentum for these types of vehicles if it can stick the landing with the NIUMM. While we still don’t have solid pricing or availability timelines yet, it looks like we’re looking at sooner rather than later.
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Cadillac wants to live up to its “standard of the world” tag line so bad they can taste is – but adding $60K to the CELESTIQ’s MSRP might not be the flex the marketing team might think. To teach them a lesson, we’re going to ignore the CELESTIQ and list every new EV you can buy for less than that $60K price hike, instead. Enjoy!
If you’re curious about what those vehicles are actually selling for, what rebates and special rates are out there, or even just want to take one for a test drive, click on one of the links and you’ll be directed to a local dealer who can walk you through it all (trusted affiliate link).
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Zhengzhou Nissan has launched a new, plug-in pickup in the Chinese market called the Z9. It’s the same size as the Nissan Frontier Pro, offers over 35 miles of all-electric range, and pricing starts at just $16,600.
UPDATE 04NOV2025: more details and more markets for 2026.
The rebuilding of Nissan started to pick up earlier this year with the launch of the brand’s first plug-in pickup truck in China this past summer. The plug-in hybrid (PHEV) model offers 410 hp and an 84 mile electric-only range – more than enough for it to meet the everyday needs of most drivers with easy access to liquid fuel when needed.
It seems like a neat truck, but since it was designed and developed specifically for the Chinese market, its great specs and nearly impossible $24,800 starting price (on the entry-level Frontier Pro model) meant it would have limited impact – and limited interest – in other markets.
You can read the original post, first published back in June, below, then let us know what you think of Nissan’s plans to export its plug-in pickup to other markets in the comments.
What’s more, if you feel like spending a bit more, you can get a Zhengzhou Nissan Z9 equipped with a 32.85 kWh battery that’s good for almost 85 miles (135 km) of all-electric range. And even that extended-range model, at ¥168,900 (about $23,400) is still price-competitive with the Jeff Bezos-backed Slate EV.
In short, it’s bound to be a winner.
It’ll sell, but it won’t sell here
US-market Nissan Frontier.
With excitement surrounding the Kia Tasman, Slate, and other, similarly affordable light-duty pickups building on the success of the Ford Maverick hybrid, it should come as no surprise that Nissan has international ambitions for its newest electrified pickup.
“In alignment with our ‘In China, For China, Toward the World’ strategy for electrification and smart transformation, Nissan will fully support ZNA’s ‘off-road strategy,’” explained Stephen Ma, Chairman of Nissan (China) Management Committee and President of Dongfeng Motor Co., Ltd. “We are working to strengthen our research and manufacturing capabilities, further advancing our presence in the core markets of pickups and off-road vehicles, with the ultimate goal of achieving global expansion.”
It’s exciting stuff, but with all the recent troubles it’s been experiencing, it’s doubtful that Nissan will bring either of its new, Chinese-built mid-size pickups to the US (electrified or otherwise).
“The mission of the new generation of Chinese automotive professionals is clear – to ensure that made-in-China cars are driven across the world. ZNA will utilize its dual-brand and dual-channel advantages to expand its global footprint,” Mr. Mao Limin, Executive Vice President of ZNA, at the Z9’s launch. “We aim to be one of the top exporters of pickups within three years and to reach a sales milestone of 100,000 units.”
I’ve already written out my own comeback plans for Nissan, and this new Chinese-market pickup truck doesn’t really fit into them. Like many of you, I’m of the belief that a PHEV isn’t an EV – but I do see their value as “lilypad” cars, and the two Lightning owners I know? Their previous Ford F-150s were hybrids.
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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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