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Winter LNG Boom Creates Most Expensive Cargo Ships in History

An unprecedented shortage of liquefied natural gas tankers has made them the most expensive ships ever hired to ferry commodities.

January 11, 2021

Oil Dips Below $52 With Dollar Rising as Rally Takes Breather

Oil fell as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months.

January 11, 2021

Tesla’s Elon Musk Debates How to Give Away World’s Biggest Fortune

Elon Musk is not only the world’s richest person, he lays claim to the biggest net worth ever recorded: $208 billion as of Jan. 8. What he does with it will be closely watched.

January 8, 2021

GM Changes Corporate Logo to Plug Its EV Strategy

General Motors Co. is changing its corporate logo for the first time in 56 years, giving it a new lowercase script that is designed to look more modern.

January 8, 2021

Ship Orders Slump 50% With Owners Unsure Which Fuel to Use

Ship owners facing looming deadlines to use less-polluting fuels have slashed the number of new vessels on order because they don’t know which alternative technology to switch to.

January 8, 2021

New Geotab Division Helps Utilities Support EV Adoption

Fleet management solutions provider Geotab unveiled a service Jan. 7 focused on helping utilities support electric vehicle adoption.

January 7, 2021

BayoTech Receives More Equity Investment

BayoTech Inc., a developer of on-site hydrogen production systems, announced it received an equity investment of up to $157 million.

January 7, 2021

For First Time in Five Years, US Gas Mileage Down, Emissions Up

A new government report says gas mileage for new vehicles dropped and pollution increased in model year 2019 for the first time in five years.

January 6, 2021

US Imports No Saudi Crude Oil for First Time in 35 Years

The U.S. didn’t import any Saudi crude the week of Dec. 28 for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic.

January 6, 2021

Exxon Reveals Petroleum Product Emissions Data for First Time

Exxon Mobil Corp. released emissions data on customers’ use of its petroleum products for the first time after coming under pressure from investors.

January 5, 2021