Fuel News

About Fuel News...

Transport Topics fuel coverage looks closely at what powers trucks. From the latest on battery, diesel and alternative fuel technology to the costs and prices associated with each, this news category covers today’s fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.

GovernmentBusinessTechnologyFuel

California Allows Private Sales of Electricity as Motor Truck Fuel

Volvo Trucks North America announced it, and other industry associations and companies, helped facilitate the modification of California utility rules to give private entities the ability to sell electricity as a motor fuel at publicly accessible charging stations for medium- and heavy-duty electric vehicles.

November 3, 2020
GovernmentBusinessFuel

Stocks Rally, Crude Oil Jumps on Election Day

U.S. stocks rose as a gust of optimism swept through global equity markets as millions of Americans headed to vote. The dollar weakened and crude oil increased by the most in a month.

November 3, 2020
GovernmentBusinessFuel

Average Price of Diesel Drops 1.3¢; Oil Prices Plunge

The national average price of diesel dropped 1.3 cents, according to the Energy Information Administration’s weekly data released Nov. 2. The decline, which comes amid tumbling oil prices, is the eighth in the past nine weeks.

November 2, 2020
GovernmentBusinessFuel

OPEC+ Inches Closer to Delaying Output Hike After Russian Talks

OPEC+ inched closer to delaying its January output increase, with Russia actively discussing keeping its current curbs for an extra three months as oil markets weaken.

November 2, 2020
GovernmentBusinessTechnologyFuel

Election Outcome Could Stir Up Electric Vehicle Industry

Both of the major-party presidential candidates have said they support electric vehicles, but a Joe Biden win could bring changes to significantly speed up the adoption of cars and trucks built by the likes of Tesla Inc. and Nikola Corp.

November 2, 2020
BusinessTechnologyFuel

Top Electric-Car Battery Maker Wins Approval for Company Split

South Korea’s LG Chem Ltd. won shareholder approval to hive off its superstar battery business, with investors betting the division has a better chance to thrive as a stand-alone entity.

October 30, 2020
GovernmentBusinessFuel

Oil Poised for Worst Month Since March With Growing Curbs

Oil headed for its biggest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery.

October 30, 2020
BusinessFuel

Exxon Warns of $30 Billion Shale Writedown Amid Record Loss

Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak.

October 30, 2020
GovernmentBusinessTechnologyEquipmentFuel

Fleets Need to Navigate Changing NOx Standards

Industry experts noted the speed of emissions regulation changes during the session titled “EPA vs. CARB Regulations: What does this Mean for a Fleet in 2022 and Beyond” during American Trucking Associations’ Management Conference & Exhibition.

October 28, 2020
BusinessFuelLogistics

E-Commerce Boom Offers Lifeline for Oil

Look across the street from your home-office window: chances are you will see a delivery van.

October 28, 2020