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Saudi Oil Cuts Take Seven Supertankers a Day Off the Market

Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.

June 30, 2020

Oil Rises on Russian Export Cuts, Offsets Virus Demand Jitters

Oil prices rose after Russia slashed exports of its flagship crude Urals to the lowest in at least 10 years, signaling the determination of Moscow to work with its partners at OPEC+ to eliminate an oil glut.

June 25, 2020

In Ohio, Lordstown Motors Is a Glint of Hope Among Heartbreak

In a cavernous Northeast Ohio factory that General Motors Co. left last year, a small group of engineers is coaxing dormant robots back to life — one by one — in a long-shot bid to build a new type of pickup truck.

June 24, 2020

West Coast Utilities Offer Plan for Charging Stations Along Interstate 5

Several West Coast electric utilities proposed a phased-in approach to electrifying Interstate 5 in an effort to reduce commercial vehicle emissions along the major freight corridor.

June 23, 2020

Amazon’s Carbon Footprint Grows 15% Despite Green Pledges

Amazon said June 23 that its carbon footprint rose 15% last year, even as it launched initiatives to reduce its harm on the environment.

June 23, 2020

Advocates of Hydrogen Fuel Are Primed for Global Markets

The CEO of Nel ASA, a Norwegian company founded in 1927 and the largest manufacturer of electrolyzer technology that produces hydrogen from water, said Nel is ready to ā€œcut and pasteā€ its manufacturing approach in locations around the world as interest in the alternative fuel climbs.

June 23, 2020

Unlike China, India Oil Demand Stays Weak as Economy Falters

It’s going to take months for oil demand in the world’s third-biggest market to get back to pre-virus levels as India faces its deepest recession ever in the wake of its near two-month lockdown.

May 21, 2020

Chinese Revival Draws Rare Shipments of Alaskan, Canadian Oil

Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels.

May 20, 2020

World’s Biggest Oil Storage Firm Says Almost All Space Sold

The world’s biggest independent oil storage company has all but run out of space for crude and refined products as a result of the fast-expanding glut that COVID-19 has created.

April 21, 2020

Proterra Appoints Chairman Jack Allen to CEO Post

Electric-transit bus manufacturer Proterra appointed current Chairman Jack Allen to CEO as it prepares to extend its technology to other vehicle segments, including last-mile delivery.

March 23, 2020