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A Repsol Oil Operations oil drilling rig pounds into the desert searching through thousands of feet for and oil reserve in El-Sharara, Libya.

Benjamin Lowy | Getty Images

Oil prices rose on Monday as investors monitored the war in Ukraine and conflict in the Middle East for any potential impact on crude supplies.

The West Texas Intermediate futures contract for February gained $1.01, or 1.38%, to trade at $74.42 a barrel. The Brent contract for March rose 91 cents, or 1.16%, to trade at $79.49 a barrel.

Several U.S. personnel are being evaluated for “traumatic brain injuries” after militants allied with Iran attacked an airbase in Iraq on Saturday with ballistic missiles and rockets, according to U.S. Central Command.

U.S. forces stationed in Iraq and Syria have repeatedly come under attack by Iran-allied militants since Israel’s military operation in Gaza began. Houthi militants, also allied with Iran, have continued their attacks on shipping through the Red Sea, a crucial trade artery, despite U.S. airstrikes.

The attacks have stoked worries that the U.S. and Iran are getting drawn into a regional conflict that could disrupt oil supplies.

Russian energy infrastructure also came under attack over the weekend. Ukrainian drones struck a major fuel processing and export facility near St. Petersburg, a source in Kyiv told the BBC. The Ust-Luga facility processes gas condensate into jet fuel and gasoil among other products.

Libya’s National Oil Corporation, meanwhile, resumed full production at the Sharara oilfield on Sunday after protests shut down output for two weeks. Sharara is one of Libya’s largest oilfields with capacity to pump 300,000 barrels per day.

Traders have generally been more focused on the supply and demand outlook than geopolitical risk.

The International Energy Agency has a bearish forecast for 2024, projecting that production outside OPEC, particularly in the U.S., will rise by about 1.5 million barrels per day, more than covering global demand growth of 1.2 million barrels per day.

OPEC, on the other hand, has presented a stronger outlook with oil demand forecast to grow by 2.2 million barrels per day, while production outside OPEC will grow by 1.3 million barrels per day.

“Investors want to be bullish but tepid data and cautious narrative from policymakers keep them on the backfoot,” Tamas Varga with PVM Oil Associates wrote in a note.

This is a developing story. Please check back for updates.

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Elon threatens to rage quit Tesla if he doesn’t get his $1 TRILLION payday

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Elon threatens to rage quit Tesla if he doesn't get his  TRILLION payday

Elon Musk implies that he’ll quit his part-time job as CEO of Tesla (TSLA) if he doesn’t get his $1 trillion pay package. On today’s episode of Quick Charge, I suggest GM’s Mary Barra should replace him, and explore some of the compelling EV deals out there looking to take a bite out of Elon’s market share.

In addition to my take on what the TSLA board should or shouldn’t decide, we’ve got a pile of EV lease deals, some hot, upcoming new electric Jeep models, and a look at some of the ways the end of the Federal EV tax credit isn’t the end at all.

Quick Charge is brought to you by Climate XChange, a nonpartisan nonprofit working to help states pass effective, equitable climate policies. The nonprofit just kicked off its 10th annual EV raffle, where participants have multiple opportunities to win their dream model. Visit CarbonRaffle.org/Electrek to learn more.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

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New episodes of Quick Charge are recorded, usually, Monday through Thursday (most weeks, anyway). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.


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Tesla dominates Q3 fast-charger growth – but rivals are closing in

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Tesla dominates Q3 fast-charger growth – but rivals are closing in

The US added more than 4,000 new DC fast-charging ports in Q3 2025, pushing the total past 64,000. The country’s EV infrastructure keeps maturing, despite new station openings slowing slightly this summer.

US DC fast-charging ports expand past 64,000

According to EV charging data platform Paren’s latest “State of the US Fast EV Charging Industry Report,” the number of public DC fast-charging ports climbed to 64,486 across 12,375 charging stations nationwide in Q3 2025. That’s despite a modest slowdown in new openings: Operators added 699 new stations, down 12% from Q2, and 4,061 new ports, down 7.7%.

Paren says the dip mirrors seasonal trends seen in 2024 and expects growth to rebound in Q4, with early October data already coming in strong. The company still projects the US to add around 16,700 new ports by the end of 2025. Notably, larger charging stations are becoming the norm: 27% of all stations now have eight or more stalls, up from 23% last quarter.

Tesla dominates new ports, and the market widens

Tesla led Q3 deployments with 1,820 new ports – nearly 45% of all added nationwide. ChargePoint (300), Red E (215), Electrify America (164), and EV Connect (146) rounded out the top five. But Paren notes that smaller and regional operators collectively accounted for 21% of new ports, demonstrating how the market is diversifying.

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Every state added at least one new fast-charging station this quarter. California again led the pack with 108 new sites, followed by Texas, New York, Florida, and Illinois. Upstart network Ionna, formed earlier this year by seven automakers, opened 12 new stations with 132 ports. At the same time, Michigan-based Red E jumped to third place after expanding across 18 states, including new sites at Aldi supermarkets.

Summer travel lifted fast charging demand

The summer travel season drove EV charging activity higher across almost the entire US. Fast charger use increased in 45 states, stayed flat in one, and dipped in five. Maine saw the biggest bump (+1.9 in utilization growth), followed by Montana (+1.8), New York (+1.8), and Oregon (+1.8), all reflecting busier tourism routes and expanding highway and corridor buildouts.

Paren also found signs that Tesla’s opening its Supercharger network to non-Tesla EV drivers is shifting behavior. Some non-Tesla charging stations saw slight utilization declines, suggesting a growing number of drivers are switching to Tesla’s network for convenience.

It’s all about reliability and upkeep

Paren’s “reliability index” measures charger reliability, taking into account recent successful charge sessions with and without retries, failed charge attempts, and station downtime over a specific time period.

Reliability based on Paren’s definition inched up again, from 92.1% to 92.3%. Thirty-two states improved their reliability scores this quarter, while 15 declined and four held steady. Oklahoma showed the biggest improvement (+4.4), though it still ranks last overall at 73.3%. Mississippi (91.1, +2.6) and Idaho (92.1, +2) also made solid gains, while Rhode Island (88.2, -2.7) and Alaska (96.3, -1.9) saw declines.

Paren says reliability now depends less on geography and more on operator performance, site age, and proactive maintenance. With more federally and state-funded chargers coming online, the focus is shifting from buildout to upkeep. Operators investing in preventive maintenance, faster outage response, and top-quality software integration will be best positioned to keep drivers happy.

Average fast-charging prices rose by a penny

Nationwide average pricing rose by a penny in Q3 to $0.49 per kilowatt-hour, with most states falling between $0.48 and $0.54. Hawaii remains the priciest at $0.85/kWh, while Nebraska is the cheapest at $0.42/kWh. Several charge point operators offered summer discounts and promotional rates, but Paren found no clear link between lower prices and higher use.

A few states saw notable price swings: Alaska jumped $0.04, while Arkansas dropped $0.05 and Hawaii fell $0.07. The jury’s still out on whether rates continue rising post-summer; that will depend on wholesale electricity costs, demand trends, and competition among networks.

Electrek’s Take

Paren’s Q3 snapshot shows a maturing charging market: slightly slower but steady growth, improving reliability, and broader competition. Tesla’s Superchargers are still leading the pack when it comes to the volume of new ports being rolled out. Still, the fast charging landscape is expanding with more regional players and multi-port hubs with both NACS and CCS capability across the map. A big priority now is to keep those chargers working and affordable as more people switch to EVs.

Read more: The US added 4,200 new DC fast charging ports, and that’s just Q2


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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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Toyota is testing a mysterious new crossover SUV

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Toyota is testing a mysterious new crossover SUV

Is it electric? A hybrid? A new Toyota crossover SUV was spotted testing out in public rocking a unique look.

New Toyota EV crossover and SUVs are coming soon

Toyota is gearing up to launch a series of new battery electric (BEV), hybrid, and plug-in hybrid (PHEV) vehicles over the next few years in nearly every market.

In the US, Toyota currently offers just one fully electric vehicle (excluding the Lexus RZ), the bZ (formerly the bZ4X), but that will soon change.

Toyota plans to offer seven fully electric vehicles by mid-2027, including under its luxury Lexus brand. Joining the updated bZ and Lexus RZ next year will be the smaller C-HR crossover and more rugged bZ Woodland SUVs.

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Shortly after, it will introduce two electric SUVs that Toyota will build at its plant in Kentucky. Although Toyota has yet to announce it publicly, the new electric SUVs are expected to be based on the RAV4 and Land Cruisers. They will replace the Lexus ES in Kentucky, while the next-gen EV version will be exported to the US from Japan.

Toyota-new-bZ4X-C-HR+-Urban-Cruiser-EVs
From left to right: Toyota’s new C-HR+, bZ4X, and Urban Cruiser electric SUVs (Source: Toyota Europe)

In Europe, Toyota will launch the updated bZ4X, CH-R+, and Urban Cruisers by the end of the year. Three additional crossovers and SUVs are set to follow in 2026.

While we already know what most of those will looks like, the new crossover SUV doesn’t appear to be any of them. The spy photos from SH Proshots (via Autoevolution) show what looks to be the next-gen Toyota Venza, or the Harrier for those outside of the US.

You can tell it’s a bit taller and less aerodynamic than the electric crossover SUVs that Toyota showcased earlier this year.

The Venza was a bit of a step up from your average Toyota SUV with a more premium feel, but it was discontinued after the 2024 model year to make way for the Crown Signia.

Toyota-new-crossover-SUV
Toyota RAV4 PHEV (Source: Toyota)

Although Toyota has yet to reveal anything about the next-gen Venza, rumors suggest it will be built on the TNGA-K platform, which underpins the new RAV4. The platform is designed to open up interior space with a lower center of gravity.

Toyota-new-crossover-SUV
The new Toyota Audio Multimedia system (Source: Toyota)

Inside, you can expect to see Toyota’s latest Audio Multimedia system, which also debuted in the new RAV4. The setup includes a standard 10.5″ smartphone-like touchscreen infotainment or you can upgrade to the larger 12.9″ screen.

Given Toyota has yet to publicly announced the next-gen Venza, powertrain options is still up in the air. The report speculates it will arrive as a self-charging hybrid or plug-in hybrid (PHEV), or both.

Since it’s still in its early stages, the new model isn’t expected to launch until 2027. It could arrive as a 2028 model year in the US.

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