Energy quick reads

** The FBI is conducting a criminal investigation into the deadly collapse of Baltimore’s Francis Scott Key Bridge that is focused on the circumstances leading up to it and whether all federal laws were followed, according to a person familiar with the matter.

** Tesla will lay off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles. The world’s largest automaker by market value had 140,473 employees globally as of December 2023.

** Amazon has installed more than 17,000 electric vehicle chargers at its warehouses over the last two years, making it the biggest U.S. private charging operator as it easily surpasses competitors’ clean vehicle goals.

** Twenty-three loaded and three empty barges broke loose from their moorings along the Ohio River at Pittsburgh and floated uncontrolled until they were eventually recovered, authorities said.

** New York City fire officials arrest an e-bike shop owner for selling illegal, uncertified batteries, the city’s first criminal charges related to battery law violations.

** Forecasters predict “an extremely active Atlantic hurricane season” with 170% more storm activity than usual.


** Oil prices, which hit a six-month high on Friday, are expected to rise this week after Iran’s attack on Israel over the weekend, analysts said, but further gains may depend on how Israel chooses to respond.

** BP has cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in commercial EV fleets didn’t pay off, company sources said.

** European governments due to move to support their solar power manufacturers this week will be too late to stop solar panel maker Meyer Burger packing up a German factory to send production to the United States.

** Texas-based Exxon Mobil now expects its six offshore Guyana projects to generate gross production of 1.3 MMbbl/d by 2027, the company’s upstream head Liam Mallon said. The revised production is 100,000 bbl/d more than earlier production estimates of more than 1.2 MMbbl/d.

** Russia has been able to swiftly repair some of key oil refineries hit by Ukrainian drones, reducing capacity idled by the attacks to about 10% from almost 14% at the end of March, Reuters calculations showed.