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Exxon Warns of $30 Billion Shale Writedown Amid Record Loss

Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak.

October 30, 2020

Fleets Need to Navigate Changing NOx Standards

Industry experts noted the speed of emissions regulation changes during the session titled “EPA vs. CARB Regulations: What does this Mean for a Fleet in 2022 and Beyond” during American Trucking Associations’ Management Conference & Exhibition.

October 28, 2020

E-Commerce Boom Offers Lifeline for Oil

Look across the street from your home-office window: chances are you will see a delivery van.

October 28, 2020

VW’s Traton, Toyota’s Hino to Collaborate on Electrification

Volkswagen AG and Toyota Motor Corp.’s truck subsidiaries are joining forces on battery-electric and fuel cell vehicles, enabling the companies to split the costs of developing technology needed to comply with stricter emission rules.

October 28, 2020

Zeta on Course to Hit New Orleans as Category 2 Hurricane

Hurricane Zeta is strengthening as it spins across the Gulf of Mexico, threatening to slam into New Orleans in the evening Oct. 28 as a Category 2 storm capable of uprooting trees and causing massive power outages.

October 28, 2020

Diesel Dips for Seventh Time in Eight Weeks; Zeta Pounds Gulf Coast

The national average price of diesel decreased three-tenths of a cent, according to the Energy Information Administration’s weekly data released Oct. 26. The drop is the seventh in the past eight weeks.

October 26, 2020

Elon Musk Cruises to $11.8 Billion Haul, Is Now World’s Fourth-Richest Person

Tesla Inc.’s Elon Musk collected the fourth tranche of his moonshot award this month, bringing his aggregate haul to $11.8 billion.

October 26, 2020

Oil Slumps Below $39 on Surging Virus and Libya Restart

Oil extended its slide to a second day on a cocktail of surging coronavirus cases in the U.S. and Europe, dwindling prospects for pre-election stimulus in Washington and a steady resumption of supply from Libya.

October 26, 2020

Daimler Records Higher Net Income on Lower Revenue in Q3

Daimler AG reported higher net income on lower revenue in the third quarter as core markets began to recover from the impact of COVID-19.

October 23, 2020

EV Mania Turns Battery Makers Into Power Brokers

Automakers are investing billions of dollars to bring new electric vehicles to consumers in the U.S. and other global markets, but their success hinges on securing the most critical and expensive component: the battery.

October 23, 2020