Smoke billows after Ukraine’s SBU drone strikes a refinery, amid Russia’s attack on Ukraine, in Ryazan, Ryazan Region, Russia, in this screen grab from a video obtained by Reuters, March 13, 2024.
Video Obtained By Reuters | Via Reuters
Ukraine’s campaign of attacks against Russian oil refineries is demonstrating how relatively cheap drones that utilize artificial intelligence could pose a major threat to global energy markets.
Ukraine-launched drones have hit 18 Russian oil refineries this year with a combined capacity of 3.9 million barrels per day, according to report published by JPMorgan earlier this month. Some 670,000 bpd of Russian refining capacity is currently offline due to the strikes, according to the bank.
Ukraine’s capabilities are growing with its drones now demonstrating a substantially longer range. Earlier this month, Kyiv hit Russia’s third-largest oil refinery, Taneco, which is located up to 1,300 kilometers — roughly 800 miles — from the frontlines, according to JPMorgan.
Ukraine is increasingly using drones that are enabled with AI, which helps the weapons navigate and avoid jamming, according to the bank.
“The AI guidance also delivers strike precision, maximizing the impact of the strikes by targeting specific areas like distillation towers, repairs of which requires Western technology,” Natasha Kaneva, head of global commodities strategy at JPMorgan, told clients in the April report. “This makes the repairs costly and often require equipment that the country is not able to produce.”
U.S. Defense Secretary Lloyd Austin made clear Tuesday that the Biden administration is worried about the strikes in a rare airing of public disagreement with U.S. allies in Kyiv.
“Certainly, those attacks could have a knock-on effect in terms of the global energy situation,” Austin told the Senate Armed Services Committee. “Quite frankly, I think Ukraine is better served in going after tactical and operational targets that can directly influence the current fight.”
The U.S. has urged Ukraine to stop the attacks on Russian energy infrastructure out of concern that they could drive up crude oil prices and instigate retaliation from Moscow, three people familiar with the discussions told the Financial Times last month.
The losses to Russian refining capacity could worsen as Ukraine aims to build a full-fledge drone industry and produce a million units domestically this year, according to the JPMorgan report. If Kyiv is able to extend the drones’ range to 1,500 kilometers (about 932 miles), they could potentially hit 21 refineries with more than 4.4 million bpd of refined capacity, according to the report.
“There’s room for this to become a bigger problem, because we’ve come to count on Russian supply getting to the global market, which allows other non-Russian supply to go to other places,” said John Kilduff, an energy expert and founding partner at Again Capital.
The deployment of AI drones also has broader implications for global energy markets, according to Bob Brackett, a senior research analyst at Bernstein. The drones are cheap to produce compared to the millions of dollars in damage they can cause and could empower nonstate actors to challenge superior fighting forces, Brackett told clients in Friday note.
“These drones can easily and asymmetrically disrupt global seaborne trade,” Brackett wrote, warning that oil exporters such as Russia aren’t the only countries that need to be worried. Oil importers, like China and India, will now have to worry about disruptions to crude flows from drone attacks, he said.
Impact on oil, gasoline prices
Ukraine’s campaign of drone strikes comes at the same time as tensions are running red hot in the Middle East, with OPEC member Iran and Israel now teetering on the brink of a direct confrontation.
U.S. crude oil has rallied nearly 20% this year, while the global benchmark Brent has gained 17% as the wars in Middle East and Eastern Europe rage against the backdrop of rising crude demand and tightening supply. Gasoline futures have surged about 33% since the year began.
Bob McNally, president of Rapidan Energy, said the drone strikes are not a major issue for oil prices right now because the attacks on refineries are primarily affecting Russia’s production of diesel at a time when the market is already glutted.
But Russia is also major exporter of a gasoline feedstock called naphtha. If naphta markets were to tighten because of the attacks it could have an impact on gas prices and balances, said McNally, who served as a senior energy official in the George W. Bush administration.
Goldman Sachs said in a research note last month that the strikes are bullish for diesel prices, but the impact on crude oil is mixed. Outages can lead to reduced oil demand from refineries, which is bearish for prices. But the market is worried Ukraine could increasingly hit oil production and transportation infrastructure, which would weigh on Russian crude exports, according to Goldman.
Bart Melek, head of commodity strategy at TD Securities, said the current strikes could have an indirect effect on oil markets. As Russian fuel exports decline due to the attacks, countries that rely on those exports then need to source fuel from refineries in other jurisdictions, Melek said. Those refiners need more crude to meet the demand which can stress oil supplies, he said.
Russian production already poses a problem for the Biden administration. Moscow has pledged to cut its oil output and exports by an additional 471,000 barrels per day in the second quarter to meet its commitments to OPEC+.
Those cuts could push the price of Brent crude to $100 by September, which will put pressure on the Biden administration just before the presidential election, according to a JPMorgan report last month.
The investment bank expects U.S. gas prices to hit $4 per gallon by May, the highest level since the summer of 2022.
“There are few issues that terrify a sitting American president in an election year more than surging gasoline prices,” said Rapidan’s McNally.
How does a fully charged battery in under 100 seconds sound? China’s CATL, GAC Group, and JD.com revealed a battery-swappable version of the Aion UT that can swap batteries quicker than you can pump gas.
The Aion UT Super can swap EV batteries in 99 seconds
The new battery swap version looks about the same as the current Aion UT sold in China, but it’s equipped with CATL’s Choco-SEB battery packs.
CATL introduced the new battery packs in December that can be swapped for a fully charged one in under 100 seconds, making it just as fast as filling up a gas tank.
The new Aion UT Super draws power from a 54.036 kWh CATL LFP battery, providing a CLTC driving range of 500 km (310 miles). Drivers can swap, charge, or rent batteries at one of CATL’s Choco Battery Swap Stations. It also features a single electric motor with 134 horsepower (100 kW).
Advertisement – scroll for more content
Measuring 4,270 mm in length, 1,850 mm in width, and 1,575 mm in height, with a wheelbase of 2,750 mm, the electric hatch is about the size of the Volkswagen ID.3.
Don’t feel like swapping? The electric hatchback can still recharge from 30% to 80% in 26 minutes, the company said.
Inside, the setup is relatively simple, with a floating infotainment screen at the center and a smaller driver display cluster.
The new Aion UT Super will be sold exclusively on JD.com, also known as the “Chinese Amazon.” GAC opened blind pre-orders on Wednesday ahead of its official launch next week during the 11.11 shopping festival, China’s largest shopping event.
According to CarNewsChina, prices for the swappable Aion UT Super are expected to range from 100,000 yuan ($14,000) to 120,000 yuan ($16,800).
The Aion UT Super just swapped its battery at a CATL Chocolate Battery Swap Station. Time: 88 seconds.#CATLpic.twitter.com/U3K4ecaypX
Although the company promotes a full battery swap in as little as 99 seconds, it’s actually even quicker. A video from ThinkerCar shows the Aion UT Super swapping its battery at a CATL Chocolate Battery Swap Station in just 88 seconds.
The Aion UT Super joins other Chinese EVs, including the Changan Oshan 520, that are rolling out with CATL’s 99-second swappable batteries.
Several major Chinese brands, including GAC, Chery, NIO, FAW, and BAIC, are partnering with CATL to launch vehicles powered by its Choco-SEB batteries.
FTC: We use income earning auto affiliate links.More.
In a landmark move for sustainable maritime transport, Swedish firm Candela is bringing its hydrofoiling electric vessel, the Candela P‑12, to the Maldives, promising faster, cleaner, seasickness-free transfers from the airport to the remote atolls.
Reef rescue and comfort for tourists
The Maldives’ atolls face a serious threat from the thousands of twin-outboard speedboats that shuttle tourists and locals across the archipelago.
They’re heavy on fuel, produce large wakes, and are responsible for significant reef damage. These traditional gasoline-powered boats burn around 5 liters (1.3 gallons) of fuel per mile (15 times more than a bus), generate large wakes that erode coral, and emit CO₂ emissions that rank among the country’s worst.
Enter the P-12: By flying 1.5 meters (5 feet) above the water surface on two computer-controlled hydrofoils, it cuts energy consumption by 80% compared to conventional hulls, enabling long-range electric operation. The vessel produces minimal wake and engine noise, drastically reducing the impact on reef ecosystems and marine life – a critical win for one of the world’s most fragile marine environments.
Advertisement – scroll for more content
For vacationers, the change should be dramatic.
The ride inside the P-12 is described as a “magic carpet” experience: an air-conditioned cabin, wi-fi, entertainment screens, refreshment service, stroller and wheelchair access – and thanks to the hydrofoil system and active flight controller, virtually no waves, no slamming hull, and no seasickness.
It’s like flying, but without any turbulence.
Maldives order and deployment
In 2026, a fleet of ten P-12 vessels will begin operating between Malé International Airport and outer-island resorts, managed by operator Ego Shuttle, which has also signed for an additional ten units.
This will be the Maldives’ first electric vessel deployment, and the largest hydrofoil electric fleet in the world, according to the release. The vessels will be assembled, maintained and operated locally, with a logistics hub and green-job training for Maldivian workers.
“Wake and noise impact has been a real problem in many marine sanctuaries around the world. Until now, there have been no real options to electrify waterborne transport, as conventional hulls are simply too inefficient. With the P-12, we finally have a vessel with the range and speed to replace fossil-fuel boats — while minimizing the impact on this unique environment,” says Shabir Walji, CEO of Ego Shuttle.
The Maldives will now join other countries also incorporating the Candela P-12 electric ferry into their own sustainable over-the-water transportation systems, from Thailand to New Zealand, among several others.
Candela was founded just over a decade ago with a mission to design and build faster, more efficient, cleaner boats that outperform fossil-fuel vessels.
The company has become world famous for its signature hydrofoils that lift the hull out of the water, dramatically reducing drag and thereby energy use. I’ve spent some helm time on both the C-7 and C-8, the pair of electric hydrofoil speedboats produced by Candela ahead of their expansion into commercial ferries like the P-12. And as someone who has operated both models, I can attest to how smooth the ride is and how impressive it truly feels to soar over the water.
Candela’s P-12 vessels have already entered service in Stockholm. One of its early pilots, a vessel called Nova, reportedly cut a 15 km route commuting time to 30 minutes, while using 84% less energy per passenger-kilometre compared to the diesel ferry it replaced.
Electrek’s Take
This is a serious step forward – both for island-nation sustainability and for electrifying maritime transport. The Maldives face existential threats from climate change and ecosystem degradation, so reducing boat noise, wakes, and emissions is both environmentally urgent and commercially smart (since tourism depends on those healthy reefs).
In spite of the other major social challenges the country still faces – from limited freedoms for women to broader human rights concerns – it’s encouraging to see real progress on the environmental front. Meaningful climate action doesn’t erase those issues, but it does show that even small nations can take bold technological steps toward a cleaner future.
All told: This looks like a win-win for guests, operators and the environment. I’ll be closely watching how the service performs in 2026 – especially how much of a wake/reef benefit is achieved and how the guest experience compares to typical speedboat transfers. And if the Maldivian operators need someone to come report on the new fleet directly from a white, sandy beach, I’ll see if I can clear my schedule.
FTC: We use income earning auto affiliate links.More.
Tesla has quietly expanded its new MultiPass feature to more regions across Europe, allowing owners to charge at third-party stations directly through their Tesla account — no separate app, card, or registration required.
The feature, which first launched in the Netherlands earlier this year, is now rolling out to additional countries, including Germany and France, according to Tesla’s own support page. The update builds on Tesla’s push to make charging as frictionless as possible — not just at Superchargers, but across an entire network of compatible public chargers.
What is Tesla MultiPass?
Tesla describes MultiPass as a “seamless charging option” that lets drivers find and charge at third-party charging stations using their existing Tesla Account. By partnering with a network aggregator, Tesla now connects to over 1,000 charging networks and thousands of stations across Europe.
In practice, MultiPass aims to make the charging experience at third-party stations as close to a Tesla Supercharger as possible — you can simply tap your Tesla key card or select the stall in your Tesla app at a supported charger, and the cost of the session is automatically billed to your Tesla account. The same payment method used for Supercharging applies, and sessions appear right in your Tesla app’s charging history, unified with your Supercharger activity.
Advertisement – scroll for more content
Tesla’s goal is to reduce the number of sign-ups and third-party accounts you need to charge outside of Tesla’s own network. MultiPass turns the Tesla key card into a universal charging credential.
Tesla owners simply need to activate MultiPass through the Tesla app:
Open the Tesla app and check “Messages” for the MultiPass invitation
Tap Learn More → Next
Follow on-screen steps to activate your key card via NFC
Once activated, you can start charging sessions in two ways:
Tap your key card directly on the supported third-party charger
Or, start the session in the Tesla app, selecting the stall remotely
Your session appears instantly in the app, complete with cost and time details, just like any Tesla Supercharger session.
Electrek’s Take
Tesla already operates the world’s most reliable and extensive DC fast-charging network. Supercharger is probably the best thing Tesla has ever done.
But outside of the Supercharger footprint, especially in Europe’s dense urban areas, third-party chargers fill critical gaps.
MultiPass eliminates one of the last friction points for Tesla drivers to use these third-party charging stations.
It looks like after a short testing phase in the Netherlands, Tesla is now ready to expand access throughout Europe.
FTC: We use income earning auto affiliate links.More.