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Rivian links supply chain woes to ongoing Ukraine-Russian conflict

Teslarati

In its 10-K filing on Thursday, March 31, Rivian stated that the ongoing Russian invasion of Ukraine has impacted its business and operations. The company listed the conflict in Ukraine as one of the reasons it continues to struggle with production. “We The company mentioned risks in battery cell pricing and availability.

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EIA expects continued high prices for diesel and home heating oils

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The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. Inventories are just one part of the supply equation for diesel and other distillates. EIA revised its forecast because U.S.

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Ukraine exempts Starlink from VAT; customs duty;

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Ukraine’s Cabinet declared Starlink satellite equipment exempt from VAT and customs duty, The Kyiv Independent reported, adding that Starlink has been crucial for providing communications for the Ukrainian military. The prices are expected to go up to $75 from $60 on December 29th. The morning starts with good news from Starlink.

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EIA: US retail diesel prices increase to >$6 per gallon in the Northeast; nearly equal to California

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On 16 May 2022, the average US on-highway retail diesel fuel price was $5.61 Although retail diesel prices have increased across the entire United States, prices in the Northeast have increased the most and are now among the highest in the country. On 16 May, the average retail diesel price was $6.43/gal

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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

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The Biden Administration had earlier in March authorized a drawdown of 30 million barrels in coordination with the IEA in response to Russia’s invasion of Ukraine. Biden called the latest release a “wartime bridge” to increase oil supply until domestic production ramps up later this year. Background.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

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As nickel is used in the production of EV batteries, any sanctions placed on Russian nickel will cause EV manufacturing prices to increase further, threatening adoption and decarbonization. The evolving situation in Russia and Ukraine has already caused unprecedented increases in the price of nickel.

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Lucid Air price increases due to rising raw material costs & supply chain challenges

Teslarati

Lucid Motors announced a price increase for its Lucid Air product line after releasing its Q1 2022 financial results. In an 8-K SEC filing , Lucid shared a statement from CEO and CTA Peter Rawilson about the Air’s price increase. As the Lucid CEO confirmed, the Air’s new pricing will go into effect on June 1, 2022.