Voters demonstrated a reluctance to approve new funding measures but a commitment to securing existing funds for transportation purposes during the Nov. 6 election.
November 8, 2018Search
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OPEC Considers 2019 Oil Production Cuts in Yet Another U-Turn
The wind changed again in a stormy oil market as OPEC signaled it will consider a return to cutting output next year, potentially making the second production U-turn this year.
November 8, 2018Colorado Drillers Rise as Voters Reject Limits on Oil Production
Anadarko Petroleum Corp., Noble Energy Inc. and other companies exploring for oil and natural gas in Colorado jumped in pre-market trading Nov. 7 after voters rejected a plan that sought to limit their ability to drill in the state.
November 7, 2018TravelCenters of America Reports Mixed 3Q Results
TravelCenters of America reported higher third-quarter revenue and a net loss tied to the sale of its convenience store business.
November 6, 2018GE’s Latest Offspring Sees Green Boost for Gas Engine Sales
The latest company born out of General Electric Co. expects sales of its industrial engines fired by natural gas to benefit from the spread of renewables such as solar and wind.
November 6, 2018Diesel Continues to Slide, Drops 1.7 Cents to $3.338 a Gallon
The U.S. average retail price of diesel dropped 1.7 cents to $3.338 a gallon as prices for West Texas Intermediate crude oil continued to sink despite concerns that global supplies could fall amid U.S.-imposed sanctions on Iran. It was the third consecutive weekly decline in the price of diesel.
November 5, 2018Pilot Flying J in Expansion, Charitable Modes as It Turns 60
Executives with Pilot Flying J, the largest operator of travel centers in North America, said the company is expanding related services such as urgent care centers and oil field trucking as it celebrates its 60th anniversary this year. At the same time, the company is donating a total of $2 million to more than 20 organizations supporting military families and other community groups.
November 5, 2018Nikola to Expand Into Europe With Hydrogen-Electric Tre
Nikola Motor Co. announced it would begin production within five years in Europe of a heavy-duty, hydrogen-electric truck designed to be compatible with full autonomy as it expands its business beyond North America.
November 5, 2018Oil Trades Near Six-Month Low as Fears of a Shortage Subside
Oil traded near a six-month low as the prospects of a tight global market at the end of the year further receded after the U.S. softened the restart of sanctions against Iran.
November 5, 2018Exxon 3Q Profit Surges on Higher Energy Prices
DALLAS — Higher oil prices propelled Exxon’s third-quarter profit up 57% to $6.24 billion despite another drop in production. It was Exxon’s best third quarter since 2014, when the effects of a collapse in oil prices had not yet been felt, and a sign that Big Oil is coming back.
November 2, 2018