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Voters Decide Fate of Transportation Funding Measures on State Ballots

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, 2018

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, 2018

Colorado 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, 2018

TravelCenters 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, 2018

GE’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, 2018

Diesel 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, 2018

Pilot 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, 2018

Nikola 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, 2018

Oil 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, 2018

Exxon 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