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Batteries for Electric Cars Speed Toward Tipping Point

According to a survey conducted by BloombergNEF, electric vehicle makers soon will be producing models that are as affordable — and as profitable — as comparable combustion-engine models.

December 16, 2020

NACFE Report Says Challenges Remain for Broad Fuel Cell Adoption

Hydrogen fuel cell technology will likely roll out in heavy-duty trucks over the next five years, but hurdles remain before U.S. motor carriers will adopt them beyond small numbers of test vehicles, according to a new report.

December 16, 2020

Oil Jumps to Highest Mark Since February Amid Stimulus Optimism

Oil surged to the highest mark in nearly 10 months in New York alongside a broader market rally as breakthroughs on U.S. stimulus talks combined with the COVID-19 vaccine rollout stoked optimism around a demand revival.

December 15, 2020

Getting US to Zero Carbon May Cost $2.5 Trillion by 2030

It’s going to take $2.5 trillion in spending over the next decade to get the U.S. on a path to a carbon-free economy, but the transition will help to pay for itself, Princeton University researchers say.

December 15, 2020

OPEC’s President Says Oil Cartel Cannot Rush Output Increases

The president of the Organization of Petroleum Exporting Countries reiterated that the oil producers’ cartel shouldn’t rush to increase output early next year and said energy demand was still fragile with the coronavirus raging across parts of the world.

December 15, 2020

Diesel Rises 3.3Ā¢ in Sixth Straight Increase

The average price of diesel increased by 3.3 cents a gallon nationwide to $2.559, according to weekly data released by the U.S. Energy Information Administration on Dec. 14. Still, trucking’s primary fuel costs 48.7 cents less than it did a year ago.

December 14, 2020

New Toyota Fuel Cell System Close to Being Available to Class 8 Makers

Toyota Motor Corp. unveiled a second-generation fuel cell system that is nearing the point when it could be offered to heavy-duty truck builders looking to build hydrogen-powered tractors.

December 14, 2020

Exxon Announces New Emissions Targets After Investor Criticism

Exxon Mobil Corp. announced several new emissions targets and said it would begin publishing pollution information related to customers’ use of its products for the first time, just days after activist investors criticized the oil giant for its environmental record.

December 14, 2020

ā€˜External Source’ Causes Oil Tanker Blast Off Saudi Arabia

DUBAI, United Arab Emirates — An oil tanker off Saudi Arabia’s port city of Jiddah suffered an explosion early Dec. 14 after being hit by ā€œan external source,ā€ a shipping company said.

December 14, 2020

Oil Ekes Out Weekly Gain After Retreating From Nine-Month High

Oil just managed a weekly gain as an impasse in Washington over pandemic relief dimmed chances of an imminent boost to demand.

December 11, 2020