Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia arrives for the 178th meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna, Austria, on March 6, 2020.
Alex Halad | AFP | Getty Images
Disagreement within OPEC could trigger a more a volatile period for oil, with prices jumping on lack of new supply or sinking suddenly if member countries decide to release crude independently.
Oil prices initially surged to a six-year high on news that the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, ended their meeting Monday with no action and no new meeting date. A proposed plan by OPEC, Russia and other allies to bring 400,000 barrels a day back to the market was disrupted by the United Arab Emirates’ objection to other aspects of the deal.
West Texas Intermediate crude futures for August traded as high as $76.98 Tuesday before falling back to settle down 2.4% at $74.53 per barrel. Many analysts had expected oil to rise on the discord among members of OPEC, and say prices could still climb despite the sell-off.
“It’s going to get worse before it gets better. I still think $85 to $90 per barrel should be the upper end,” said John Kilduff, partner with Again Capital. “You’ll see more oil produced. They’re not going to go crazy, but they’re not going to live within the current structures. Russia will lead the charge.”
“It could become a free for all,” he said.
Some analysts had already expected oil spikes into the $100 per barrel range over the course of the next year. The feuding between Saudi Arabia and the United Arab Emirates opens a new fissure in OPEC, which now means oil could also tank if members decide to open the spigots.
“Realistically, I don’t think anybody wants to go this way. I suspect cooler heads or rational thinking will prevail,” said Bart Melek, global head of commodity strategy at TD Securities. Melek said there are some wild cards for OPEC that could affect prices. A major one is whether the U.S. and Iran strike a deal on Iran’s nuclear programming, allowing it to return more than 1 million barrels a day back to the market.
Another risk is whether the variants of the Covid virus could affect the economy’s recovery and crimp demand for travel.
OPEC and its partners were able to agree to return 400,000 barrels a day to the market starting in August. But the UAE sought to also have its production baseline increased from 3.1 million barrels a day to 3.8 million barrels, and that was the sticking point with Saudi Arabia.
After three days of meetings, there was also a deadlock over whether the deal would include an extension of the the plan to the end of 2022, which was opposed by the UAE. Without an agreement, 5.8 million barrels a day, cut from production last year, will remain off the market even as demand rises.
“I think OPEC event risk is back. We had pretty smooth sailing this year, and now this was not priced at all,” said Helima Croft, global head of commodity strategy at RBC Capital Markets. “Once people start focusing on 5.8 million barrels off the market, I think they might get nervous. How they come back will be important.” The market will be affected much differently based on whether the oil trickles back or the producing countries flood the market with supply.
The friction between Saudi Arabia and the UAE, formerly strong OPEC allies, comes at a time when the market is increasingly in need of more supply. Analysts expect the world is short of upwards of 2 million barrels a day, based on current production levels and increasing demand. That means oil is being taken from storage, and there could be increasing pressure on prices as the economy rebounds and demand rises.
The U.S. is producing about 2 million barrels a day less than it did pre-Covid, and output has remained at a steady level even as prices rise. The U.S. industry has become more disciplined, due to demands from shareholders and lenders. Oil companies also face sustainability demands and pressure to reduce carbon.
But U.S. drillers do have capacity to increase drilling. “Certainly, $90 oil would encourage a lot of drilling in not only the Permian, but in the Bakken and Rockies,” Andy Lipow, president of Lipow Oil Associates said. “I think as prices creep up, one of the things [OPEC+ members] are worried about is a spike higher that would encourage lots of drilling in other parts of the world.”
Lipow said OPEC will also be careful about falling prices and the potential for even lower levels. “If prices fall $5 a barrel, they’ll come to an agreement to signal the market they’re not going to flood it with supplies,” he added.
It also comes as gasoline prices continue to rise and are nearly $1 per gallon higher than this time last year. The national average for unleaded was $3.13 per unleaded gasoline Tuesday, following a weekend where prices at the pump were the highest in seven years for the Fourth of July holiday, according to AAA. If crude prices continue to rise, so will gasoline prices.
“I think gasoline prices could remain above $3 a gallon for the balance of the summer,” said Lipow.
The White House Tuesday said there have been a number of high-level conversations with officials in Saudi Arabia, the UAE and other partners.
“If prices were rising, I think that would be more of a catalyst for the White House to get involved,” said Croft. “If you have a sell-off you may have people in the administration saying why do I need to be involved in this.”
Kilduff said he does not think the situation will last much longer. “I think we’re in the last innings of it right now. I’m targeting in mid-August, you’re going to start to see gasoline demand going down because kids are going back to school. Refiners will start to dial back,” he said.
Is this the tiny “kei” car everyone is talking about? Not exactly. Jeep maker Stellantis announced plans to bring the tiny Fiat Topolino EV, which sells for under $12,000 in Europe, to the US.
Fiat plans to launch the tiny Topolino EV in the US
Less than a week after President Trump called Japan’s kei cars “really cute” during a White House meeting with Stellantis CEO Antonio Filosa, Ford’s Jim Farley, GM’s Mary Barra, and Tesla CEO Elon Musk in attendance, we might actually get one in the US.
At Miami Art Week, Fiat CEO Olivier Francois announced that the company is planning to launch the ultra-compact Topolino EV in the US.
After a few appearances in the US, including at last month’s LA Auto Show, Francois said the tiny electric car is “creating tremendous excitement among consumers.”
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So much so that the company is actually planning to make it available for US buyers. “I’m happy to share that we’ll be bringing the Fiat Topolino to the US,” Francois said.
Although the company didn’t reveal any other information beyond “more details to come next year,” we have a good idea of what to expect.
The new Fiat Topolino (Source: Stellantis)
The Topolino, which translates to “little mouse” in Italian, is currently sold in Europe and South America. In Europe, it starts at 9,890 euros, or roughly $11,500.
At just 2,530 mm (99.6″) long, the Topolino is classified as an electric “quadricycle,” rather than a standard car. In some EU countries, like Germany, it can be driven by 15-year-olds.
Powered by a 5.4 kWh battery pack and an 8 hp electric motor, the tiny EV delivers up to 75 km (46 miles) of WLTP range. It can also be fully charged in four hours using a 240V outlet. We will find out more details soon, including prices and US specs.
Can Fiat’s tiny EV win over US buyers? With America’s love for bigger trucks and SUVs, it might be a tough sell. Fiat sold just 1,528 vehicles in the US last year, down from nearly 44,000 in 2012, its first full sales year.
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EcoFlow has transitioned from its Cyber Week deals into its newly launched Christmas Holiday Sale with up to 68% discounts, extra savings, FREE gifts, and even two rounds of giveaways that you can be eligible for by giving your email and joining its mailing list. We’re seeing plenty of Black Friday deals returning during this sale, like the DELTA 2 Max Portable Power Station with two 220W solar panels at $1,139.05 shipped, after using the code 25EFXMAFF at checkout for an additional 5% off, which beats out Amazon’s pricing by $160.This bundle carries a large $3,197 MSRP directly from the brand, but at other marketplaces, like Amazon, you’ll often find it only climbing as high as $2,099 these days. We saw this same rate (along with the extra savings) appear during the previous Cyber Week sale event after cutting it from its $1,214 Black Friday pricing, and now its coming back around again, giving you $960 off the going rate ($2,058 off the MSRP) and landing it back at the best price we have tracked – plus, you’ll get a FREE Power Hat ($99 value). Be sure to head below for the rest of EcoFlow’s Christmas Holiday Sale’s lineup.
We’re seeing a much larger spread of bonus savings/gifts during EcoFlow’s Christmas Holiday Sale, starting with the 5% bonus savings you can get on most offers by using the code 25EFXMAFF at checkout. From there, you’ll have four tiers of FREE gifts (aside from free gifts attached to select units): orders of $300 to $499 get a free RIVER series bag, orders from $500 to $2,499 get a free Power Hat, orders of $2,500 to $3,499 get a free refurbished RIVER 2 Max power station, and orders above $3,500 get two free 160W portable solar panels. There are also the two giveaways that you can join on the sale’s main landing page here, with two winners getting select power stations and six getting gift cards – to be drawn/announced on December 18 and 28, 2025.
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One of EcoFlow’s more popular backup power solutions with a well-rounded build, the DELTA 2 Max power station comes housing LiFePO4 battery cells with a starting 2,048Wh capacity, which you can bolster up to 6,144Wh with extra batteries added on. There are 15 versatile output ports to deliver up to 2,400W of steady juice to devices and appliances, while also having the surging power rise as high as 3,400W.
This bundle gives you four ways to recharge the station, starting with the 440W of solar input that puts you closer to its 1,000W maximum – of which, only 800W is needed to fully recharge in 2.3 hours, so expect about double that time with this package. An AC outlet can get it back to 80% in up to 68 minutes, or you can use AC and solar together for faster rates. As it comes, you can use your car’s auxiliary port as you drive, or with the purchase of the brand’s 800W alternator charger, you can recharge in 2.6 hours of driving.
***Note: The prices below have not had the bonus savings factored in, and not all of the offers will be eligible to stack the discount on their initial price cuts, like the DELTA 3 1000 Air, for example. Be sure to still use the code 25EFXMAFF at checkout to ensure you’re getting the best deals!
Until December 10, score up to $500 savings on all of Aventon’s e-bikes and get it ahead of Christmas – deals start from $999
Aventon still has its ongoing extended Black Friday Sale offering up to $500 discounts across its e-bike lineup, with a deadline to receive your new ride ahead of Christmas set for December 10. We’re seeing all the newest models join the savings train here, with things starting lowest on the Soltera 2.5 Lightweight Commuter e-bike at $999 shipped. Normally going for $1,199 at full price, we first saw this low rate pop up back in late August, and its back around during this holiday shopping season giving you $200 savings at the best tracked price.
If you want to learn more about this model, or browse the entire lineup of e-bike deals and get your order in before the December 10 shipping deadline, be sure to check out our original coverage of this sale here.
Several Anker eufy solar cameras, smart locks, more are seeing up to 50% savings back to lows from $50
Through Anker’s official eufy Amazon storefront, we’re seeing the brand offer several of its smart home security devices back at Black Friday rates or the next-best prices. One such model heading back to its best pricing is the popular Anker eufy SoloCam S220 Wireless Solar Security Camera starting at $49.99 shipped, while its 4-camera bundle is back at $179.99 shipped. These two bundles usually fetch full $100 or $280 prices, with the deals here having first been spotted during Amazon’s full Black Friday sale event. You’re getting 50% and 36% markdowns for the second time here while the deals last, cutting $50 and $100 off the going rates to land them back at their all-time lowest prices.
EcoFlow’s first 48-hour Christmas Holiday flash sale returns the DELTA Pro 3 power station to $2,099 low, more
As part of its newly launched Christmas Holiday Sale, EcoFlow has also launched the first of this event’s 48-hour flash sales taking up to 65% off four offers, with the sole power station unit in the bunch being the DELTA Pro 3 Portable Power Station with a FREE folding wagon cart at $2,099 shipped. While this unit has a $3,699 MSRP, you’ll find it more often starting around $2,699, particularly at Amazon, where it is priced without the wagon cart $200 higher. Discounts over the year have only seen it come down this low in price once before, during the Black Friday/Cyber Monday sale event, with things otherwise keeping above $2,299. You’re getting another chance at the all-time lowest price here, complete with $600 off the going rate and $1,600 off the MSRP. Head below to check out the full lineup of flash deals while they last through December 10.
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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XCharge NA and Cellerate Power have brought online what they say is New England’s fastest EV charging site in Vermont, right at the base of Stratton Mountain Resort.
The site opened to the public in late October 2025 and offers 400-kilowatt ultra-fast charging to a part of the state that previously topped out at much slower speeds.
The site is powered by XCharge NA’s C7 Ultra-Fast Chargers, which can deliver up to 400 kW — about two to three times faster than most other fast chargers in the region. Cellerate Power says the nearest alternative fast-charging option is about 30 minutes away and limited to 150 kW for CCS-equipped vehicles only.
By contrast, the Winhall site supports both NACS and CCS connectors, meaning it can serve virtually all EV models.
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Cellerate Power, a Vermont-based company focused on expanding equitable access to infrastructure, says the project aims to make EV travel more practical in a state where cold winters and mountainous terrain can amplify range anxiety.
The C7 chargers also feature large 21.5-inch screens, which XCharge NA and Cellerate Power claim can enhance the charging experience while promoting local economic development.
Aatish Patel, cofounder and president of XCharge NA, says the Vermont deployment marks the first North American installation of its C7 Ultra-Fast Chargers. “It will expand access to fast charging in regions where it was previously unavailable and offer drivers a more efficient, reliable charging experience.”
The charging station is located at 40 VT Route 30 in Winhall, Vermont, 05340, at the base of the Stratton Mountain Ski Resort access road, making it a convenient stop for locals and travelers heading to and from southern Vermont’s ski and recreation areas.
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