Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products.
Bans and price caps targeting Russian oil are having the “intended effect” despite surprisingly resilient production and exports in recent months, according to Toril Bosoni from the International Energy Agency.
Bosoni, who’s head of the oil industry and markets division at the IEA, told CNBC on Wednesday that Russian oil production and exports had held up “much better than expected” in recent months. This is because Moscow has been able to reroute much of the crude that previously went to Europe to new markets in Asia.
China, India and Turkey in particular ramped up purchases to partially offset the 400,000-barrel-per-day fall in Russian crude exports to Europe in January, according to the IEA’s oil market report published Wednesday. Some Russian oil is also still making its way to Europe through the Druzhba pipeline and Bulgaria, both of which are exempt from EU embargo.
As such, Russian net oil output fell by only 160,000 barrels a day from pre-war levels in January, with 8.2 million barrels of oil shipped to markets worldwide, the IEA said. The agency added that G-7 price caps may also be helping to bolster Russian exports to some extent, as Moscow is forced to sell its Urals oil at a lower price to those countries complying with the caps, which potentially makes it more attractive than other sources of crude.
Despite Russia’s substantial export volumes, Bosoni argued that this did not mean the sanctions had failed.
“The price cap was put in place to allow for Russian oil to continue to flow to market, but at the same time reducing Russian revenues. Even though Russian production is coming to market, we’re seeing that the revenues that Russia receives from its oil and gas have really come down,” Bosoni said.
“For instance in January, export revenues for Russia were about $13 billion, that’s down 36% from a year ago,” she said. “Russian fiscal receipts from the oil industry is down 48% in the year, so in that sense we can say that the price cap is having its intended effect.”
She also highlighted the growing discrepancy between Russian Urals crude prices and international benchmark Brent crude. The former averaged $49.48 per barrel in January, according to the Russian Finance Ministry, while Brent was trading above $85 a barrel on Thursday.
Importantly, Russia’s 2023 budget is based on a Urals price average of $70.10/bbl, so plunging fiscal revenues from oil operations year-on-year are leaving a substantial hole in public finances.
Bosoni also noted that the indications are that Moscow may not be able to reallocate the trade of oil products in the same way as it has crude exports, which is why the IEA expects exports and production to fall further in the coming months.
“We’re seeing now some reallocation of trade of the products but we haven’t seen the same shift as we saw for crude, which is why we’re expecting Russian exports to fall and production to fall,” she said.
However, Bosoni said this was in line with the IEA’s expectations.
“This is included in our balances that still see the markets relatively well supplied through the first half of the year, so we’re not too concerned about this decline, we think there’s enough supply to meet demand for the coming months,” she said.
“The question will be when summer comes around, refinery activity picks up to meet summer driving and China rebound really takes off, this is when we can see the market tighten really through the rest of the year.”
In its report, the IEA suggested the production cut may be less about retaliation and more an attempt by Moscow to shore up pricing by curbing output rather than continuing to sell at a large discount to countries complying with the G-7 price caps.
Global oil demand
Global oil demand growth is expected to pick up in 2023 after a sharp slowdown in the second half of 2022, with China accounting for a substantial portion of the projected increase.
The IEA said a pronounced uptick in air traffic in recent weeks highlighted the central role of jet fuel deliveries in 2023 growth. Oil deliveries are expected to surge by 1.1 million barrels a day to hit 7.2 million barrels a day over the course of 2023, with total demand hitting a record 101.9 million barrels a day.
The effects of the West’s latest oil embargo and price cap will be a key factor in meeting that demand growth, the IEA report noted.
“So will Beijing’s stance on domestic refinery activity and product exports amid its reopening. New refineries in Africa and the Middle East as well as China are expected to step in to cater for the growth in refined product demand,” it said.
“If the price cap on products is half as successful as the crude cap, product markets may well weather the storm – but more crude supplies would be required to prevent renewed stock draws later in the year.”
Kia just pulled the cover off its all-new 2026 EV4 today at the New York International Auto Show, marking the automaker’s first global all-electric sedan.
With a sleek design and practical features, Kia is clearly aiming to offer a compelling, affordable alternative to the flood of electric SUVs on the market.
The Kia EV4, set to hit US roads in early 2026, will be available in three trims – Light, Wind, and the sportier GT-Line.
Exterior and interior
2026 EV42026 EV4
Built on Kia’s 400V Electric Global Modular Platform (E-GMP), the EV4 sedan sports a distinctive low, aerodynamic profile with a sporty fastback roofline. The front showcases vertical LED headlights paired with Kia’s signature Star Map lighting and a modernized version of Kia’s Tiger Face grille.
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Around back, vertical taillights and a two-piece spoiler emphasize the sedan’s sporty stance. Buyers can choose between standard 17-inch aero wheels or the 19-inch wheels exclusive to the GT-Line trim.
Inside, Kia’s EV4 emphasizes comfort, convenience, and spaciousness. A modern, open cockpit features high-quality materials, a two-spoke steering wheel, and an available 64-color ambient lighting system. With ample passenger room and cargo space, the EV4 balances practicality with a sleek, contemporary feel.
Powertrain and performance
2026 EV4
The EV4 comes with two battery options: a 58.3 kWh pack delivering about 235 miles of range (standard on the Light trim), or a larger 81.4 kWh pack good for around 330 miles (Wind and GT-Line trims). Both models feature a 150 kW front-mounted electric motor.
Charging won’t slow you down: Kia estimates a 10-to-80% DC fast charge takes just 29 minutes for the smaller battery and 31 minutes for the larger. The EV4 comes with a standard NACS charging port and is on the front passenger side.
This Kia sedan has a drag coefficient as low as 0.23 Cd. Its updated i-Pedal 3.0 system offers smooth one-pedal driving, even in reverse and adaptive regenerative braking. Additionally, Vehicle-to-Load (V2L) capability means your EV4 can power everyday devices like laptops or camping gear.
A tech-loaded interior
2026 EV4
The EV4 features nearly 30 inches of combined widescreen displays. Personalization is easy, including themed interfaces and standard wireless Apple CarPlay and Android Auto.
Kia’s Digital Key 2.0 lets drivers manage locks, start the climate control remotely, and access other vehicle functions via smartphone. And Kia’s built-in AI Assistant ensures natural, responsive interactions, adding another convenience layer.
Comfort isn’t an afterthought, either. Dual-zone automatic climate control, available heated and ventilated seats, a heated steering wheel, and acoustic windshield glass round out the premium feel.
Advanced driver-assist technology
2026 EV4
The EV4 is equipped with Highway Driving Assist as standard, which automatically adjusts the vehicle’s set speed to match the posted speed limit (if initially set to the speed limit) and maintains distance from the vehicle in front.
Standard Hands-On Detection helps ensure drivers stay engaged by monitoring steering-wheel grip, enhancing safety on longer trips.
Other available features include Driver Attention Warning, Forward Collision Avoidance Assist, and Lane Following Assist. Optional Remote Smart Parking Assist simplifies parking in tight spots.
Look for the Kia EV4 sedan to reach US dealers in early 2026.
To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check outEnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.
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Facing potential 40% tariffs on India-made solar modules, India’s Waaree Energies is doubling its manufacturing capacity at its Texas factory.
It’s adding another 1.6 gigawatts (GW) of solar module manufacturing capacity at its Brookshire factory, bringing the site’s total to 3.2 GW. The company didn’t indicate a timescale for when the capacity increase would be complete. The move is part of its strategy to reinforce its “larger strategy of de-risking its global footprint.”
The company first announced it would open the Texas factory in December 2023, its first footprint in the US. Its original plan was to have an initial capacity to manufacture 3 GW of solar modules annually by the end of 2024.
Waaree plans to invest up to $1 billion to scale its annual solar panel production to 5 GW in Texas by 2027, which would make it one of the largest solar panel factories in the US.
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Previous to manufacturing in Texas, the Mumbai-headquartered company, which is India’s largest solar module manufacturer, already supplied Indian-made solar panels to the US. But the US’s new reciprocal tariff on solar modules imported from India is 26%, adding to the existing 14.5% Section 201 tariff, bringing the total to around 40%.
“At a time when the world is redefining the rules of global trade, we’re not waiting for the dust to settle – we’re building through it. … The strength of our US order book is a testament to the trust we’ve built, and this expansion is a signal – we’re here, we’re growing, and we’re deeply invested in powering America’s energy future,” said Dr. Amit Paithankar, whole-time director and CEO of Waaree Energies.
To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check outEnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.
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Today’s Green Deals are being led by Bluetti’s Earth Day Sale that is taking up to 54% off power stations and solar generator bundles, like the one we’re seeing on the AC180 Portable Power Station that comes with a 350W solar panel back at its $902 low, among plenty of others. That’s not the only Earth Day savings, as Lectric switches to its holiday-themed sale with up to $654 in free gear accompanying e-bikes, adding cargo-capable packages to the XP 3.0 e-bikes starting from $999. We just spotted the first savings on Aiper’s new solar-powered HydroComm Smart Pool Monitor that offers 5-in-1 testing at $200 off, as well as the first of EcoFlow’s phase 2 Mega Sale flash offers that bundle either the DELTA 2 or DELTA Pro Ultra power stations starting from $849 and only lasting through the rest of the day. Plus, all the other hangover Green Deals are in the links at the bottom of the page, like yesterday’s second phase EcoFlow Mega Sale offers, the launch discount on Hiboy’s U2 Pro Electric Scooter, and more.
Bluetti’s Earth Day Sale returns the AC180 1,152Wh LiFePo4 bundle with a 350W panel to $902 low
Bluetti is launching its Earth Day Sale through April 27 with up to 54% being taken off its power station lineup, complete with bonus savings. One solid option for your upcoming out-of-the-house ventures is the brand’s popular AC180 Portable Power Station bundled with a 350W solar panel for $901.55 shipped, after using the promo code Earth5 at checkout for an additional 5% off. This package would normally fetch $1,499 at full price, with past sales, particularly Black Friday, having seen it fall to this same low rate. The savings are returning here with the hopes of helping you enjoy Mother Nature even more thoroughly at a 40% markdown, slashing $597 off the going rate and returning it to the lowest price we have tracked and can currently find. This price is also beating out Amazon’s pricing by $47.
Bluetti’s AC180 power station is a solid backup power option for camping trips, with it carrying a 1,152Wh LiFePO4 capacity that covers devices and appliances with its 1,800W output that can surge up as high as 2,700W if needed. There are 11 ports to connect to for off-grid power: four ACs, four USB-As, one USB-C, one DC, and even a 15W wireless charging pad. You can regain 80% of its battery in as little as 45 minutes when plugged into a wall outlet, or you can get that same recharge in 2.8 to 3.3 hours when utilizing its maximum 500W of solar input, with alternate options available via a carport or a generator. It’s rated for 3,500+ life cycles, meaning you could use and recharge it every day for over nine and a half years, at least, before having any concerns.
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***Note: None of the prices below have had the extra savings factored in, so be sure to use the promo code Earth5 at checkout to score the maximum savings!
Bluetti’s most popular Earth Day Sale backup power options:
Bluetti’s best Earth Day Sale camping companions:
Bluetti’s best Earth Day Sale road tripping companions:
Load up and head out with Lectric’s cargo-equipped XP 3.0 e-bike bundles at up to $455 off from $999 in Earth Day savings
Lectric has switched over to its Earth Day Sale pricing taking up to $654 off its e-bike bundles, with its popular best-selling XP 3.0 e-bikes getting a mix of bundle options. You’ll find the standard models getting $295 in free gear at $999 shipped, while the Step-Thru Long-Range models are getting $355 in free gear at $1,199 shipped and the Black Step-Over Long-Range model getting the largest package of $455 in free gear at $1,199 shipped. These bundles would normally run you $1,294, $1,554, and $1,654, respectively. While these aren’t the largest bundles we’ve seen, they are providing the occasional cargo-ready add-on gear that is perfect for outdoor treks, especially while enjoying nature on trips. The $295 bundles offer the steel-encased front and rear cargo baskets, rear-view mirrors, a phone mount, and an accordion-style bike lock. From there, the $355 bundle trades the mirrors for an Elite headlight while the $455 bundle gives you the same with the addition of a suspension seat post and wide comfort saddle.
Lectric’s XP 3.0 models are the best-selling e-bikes in America, offering reliable commuting power alongside extremely affordable rates. The folding frames on any of these e-bikes house a 500W hub motor that peaks at 1,000W, delivering 20 MPH speeds unless you live within a state that permits the higher 28 MPH speeds.
The big difference between your choices here will depend entirely on just how far you need it to carry you, with its pedal assistance providing you with 45 miles of travel riding the standard models and up to 65 miles of travel riding the long-range models. And for when you’re not feeling like pedaling, there are throttles to go entirely electric, though keep in mind doing so will decrease your traveling range. Along with the free add-on gear, you’ll also enjoy some quality stock features, like the integrated rear cargo rack (which the basket attaches to), puncture-resistant tires, 180mm hydraulic disc brakes, an LCD display, and more.
Lectric XP 3.0 e-bike offers with up to $455 bundles:
XP 3.0 Black Standard e-bike with $295 bundle, 45-mile range: $999 (Reg. $1,294)
XP Step-Thru 3.0 Black Standard e-bike with $295 bundle, 45-mile range: $999 (Reg. $1,294)
XP Step-Thru 3.0 White Standard e-bike with $295 bundle, 45-mile range: $999 (Reg. $1,294)
XP Step-Thru 3.0 Black LR e-bike with $355 bundle, 65-mile range: $1,199 (Reg. $1,554)
XP Step-Thru 3.0 White LR e-bike with $355 bundle, 65-mile range: $1,199 (Reg. $1,554)
Lectric XPedition 2.0 offers with up to $654 bundles:
XPedition 2.0 standard cargo e-bike with $296 bundle, Stratus White: $1,399 (Reg. $1,695)
XPedition 2.0 standard cargo e-bike with $296 bundle, Raindrop Blue: $1,399 (Reg. $1,695)
XPedition 2.0 DB cargo e-bike with $505 bundle, Stratus White: $1,699 (Reg. $2,204)
XPedition 2.0 DB cargo e-bike with $505 bundle, Raindrop Blue: $1,699 (Reg. $2,204)
XPedition 2.0 DB LR e-bike with $654 bundle, Stratus White: $1,999 (Reg. $2,533)
XPedition 2.0 DB LR e-bike with $654 bundle, Raindrop Blue: $1,999 (Reg. $2,653)
Lectric XP Trike with $420 bundle:
Lectric XP Lite 2.0 LR e-bike offers with up to $365 bundles:
XP Lite 2.0 Lavender Haze e-bike with $123 bundle, 80-mile range: $999 (Reg. $1,315)
XP Lite 2.0 Arctic White e-bike with $148 bundle, 80-mile range: $999 (Reg. $1,147)
XP Lite 2.0 Sandstorm e-bike with $316 bundle, 80-mile range: $999 (Reg. $1,315)
XP Lite 2.0 Lectric Blue e-bike with $316 bundle, 80-mile range: $999 (Reg. $1,315)
XP Lite 2.0 JW Black e-bike with $365 bundle, 80-mile range: $1,099 (Reg. $1,464)
Lectric XPeak 2.0 offers with up to $316 bundles:
Lectric XPress 750 Commuter e-bikes with $316 bundle:
Lectric ONE LR e-bike with $220 bundle:
Aiper’s solar HydroComm smart pool monitor provides 5-in-1 testing of your water with first savings at $300
Coming at us by way of its official Amazon storefront, Aiper is now offering the first chance at savings on its new HydroComm 24/7 Smart Pool Monitor at $299.99 shipped, after clipping the on-page $50 off coupon. Having been introduced to the world back at CES 2025 with a $500 price tag, this is the first chance at savings that we’ve seen, with Aiper’s direct site matching the deal, as well. All-in-all, you’re looking at a combined $200 markdown here that equips your pool with intelligent 5-in-1 testing that can run for 24 hours a day, 7 days a week. Be sure to head below to learn more about this device and check out the discounts we’re seeing on the brand’s robot pool cleaners.
There’s no more need to have several different testing kits for when you need to check the various levels of your pool once you’ve added Aiper’s new HydroComm monitor to the water. It provides 5-in-1 testing thanks to the advanced detection head, giving you accurate read-outs for your pool’s pH, ORP, EC, TDS, and temperature. What’s more, it comes solar-powered, so it can continue running for 24/7, ready to provide you the information you need, whenever you need it – and should there be any cloudy days where sunlight isn’t available, there’s also the DC port to plug it in.
Cover campsite and home backup with EcoFlow’s DELTA 2 and DELTA Pro Ultra flash sale bundles starting from $849
For today only, as part of EcoFlow’s second phase Mega Sale that is running through April 25, you’ll find flash offers taking up to 52% off two varying backup power solutions, with the first being the bundled DELTA 2 Portable Power Station that comes with an expansion battery and a waterproof bag at $899 shipped or you can grab just the station and battery from Amazon at $849 shipped. The 3-in-1 bundle from the direct sale normally goes for $1,877 at full price, which we don’t normally see, as it’s usually the station and the bag that get bundled for $449 or $499 in these flash savings. Outside of these short-term discounts, the station and battery combo averages around $999 with the cuts, meaning you’ll be getting one of the best values while these deals last, regardless of whether you go with or without the additional bag.
A solid option to support you through outdoor travels as you enjoy the Earth’s bounty, EcoFlow’s DELTA 2 power station starts at a 1,024Wh LiFePO4 capacity that will instead be bumped to 2,048Wh thanks to the extra battery, and which can go higher to 3,074Wh with one more added on. It provides you with 15 port options with a steady 1,800W power output that will surge to 2,200W to meet larger appliance needs, bolstered by the X-Boost tech that also improves recharging rates. Plugging the station into a wall outlet will have the battery back to 80% in about 80 minutes, with it also accepting a maximum of 500W of solar input that can refill it in as fast as three hours time, with ideal conditions. With it rated for 3,000 life cycles, you can use and recharge the battery every day for over eight years, so with weekend or non-daily usage it will last you far longer.
The second of these offers gives you the brand’s more comprehensive and expandable DELTA Pro Ultra power station with a trolley for $4,799 shipped, coming down from $6,297 and $200 under the trolley-less offer from Amazon. This is the brand’s most expansive unit that you can invest in over time down the road, giving you a 6.1kWh LiFePO4 capacity to start with up to 7,200W of power output. Those numbers, with the addition of additional equipment, can go as high as a 90kWh capacity and 21.6kWh output with three inverters (stations) that are each given five batteries, which is great for folks looking for whole-home backup setups (especially if you have roof panels to regularly keep it all juiced up, though this will also require the brand’s Smart Home Panel 2).
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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