global oil crisis
Coverage of global oil crisis in the Nexus archive.
- Surprise: The global oil crisis is pushing people toward buying electrified cars
Electrified vehicle sales reached new global highs in Q2 2026 as the global oil crisis prompted increased adoption, with 50 countries setting quarterly records.
- CATL set to boost global energy storage with world’s largest testing facility in Xiamen
Contemporary Amperex Technology Ltd (CATL) is launching a 3 billion yuan energy storage research facility in Xiamen, China, to expand its global EV battery dominance amid rising demand driven by the global oil crisis. The facility aims to strengthen CATL's position in the energy storage market, where it already holds nearly 40% of the EV battery market share.
- Anthony Albanese accused of ‘caving to gas companies’ as Labor set to reject new export tax
Australian Prime Minister Anthony Albanese faces accusations of 'caving to gas companies' as the Labor government plans to reject a proposed 25% tax on gas exports. The decision is linked to efforts to secure fuel supplies amid a global oil crisis and diplomatic relations with Asian allies.