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The International Energy Agency urged OPEC and its allies to address a widening shortfall in their oil production as a volatile market sends crude prices rocketing toward $100 a barrel.

TuSimple Holdings Inc. is in talks to join forces with one of China’s premier commercial vehicle manufacturers to create heavy-duty trucks aimed at making long-distance logistics more efficient.

Diesel markets are jumping everywhere, a positive indicator for oil prices more widely.

A suspension of trucking services in several parts of east China’s Zhejiang province has slowed the transportation of manufactured goods and commodities through one of the world’s most important ports.

When a Chinese billionaire became Daimler AG’s biggest shareholder in 2018, it caused quite a stir. Another Chinese investor took an even bigger stake the following year, the Mercedes-Benz maker just disclosed for the first time.

OPEC and its allies will proceed with their next oil-production hike, but said they could revisit the decision at any moment as the risk to demand from the omicron variant of COVID-19 becomes clearer.

President Joe Biden is preparing to announce a release of oil from the nation’s Strategic Petroleum Reserve in concert with several other countries as soon as Nov. 23, according to people familiar with the plan.

OPEC and its allies will stick to their slow pace of oil-production increases, disregarding President Joe Biden’s demand to go faster.

Prices paid by U.S. consumers rose in September by more than forecast, resuming a faster pace of growth and underscoring the persistence of inflationary pressures in the economy.

Greenbriar Equity Group is exploring a sale of BDP International that could value the logistics company at more than $1.5 billion including debt, people with knowledge of the matter said.