Three OPEC members identified by their peers as failing to bring production down to target levels in May appear to have begun improving their compliance in June, if lower exports are any indication. But for the biggest overproducer, Iraq, that first step is a small one.
June 16, 2020Search
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TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Average Price of Diesel Inches Upward by 0.7¢ to $2.403
The national average price of diesel has increased seven-tenths of a cent to $2.403, according to the Energy Information Administration.
June 15, 2020Is Tesla Bigger Than Toyota? It’s Complicated
Many investors, including those using financial data terminals such as Bloomberg’s, were seeing something very different — that Tesla still had to gain more than $25 billion in market value to surpass Toyota.
June 15, 2020Fears of Second Virus Wave Fizzle Oil Market
Oil fell again as a fresh coronavirus outbreak in China, and increases in cases elsewhere, spurred concerns that a second wave of the virus will derail a nascent economic recovery.
June 15, 2020Texas Oil-Export Terminals Start Up Even as Shipments Tumble
Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude.
June 12, 2020Oil Set for First Weekly Drop Since April on Second-Wave Fears
Oil is heading for its first weekly loss since April, when prices collapsed below zero.
June 12, 2020Nikola’s Trevor Milton Has $7.4 Billion Fortune on Free Truck Orders
The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry.
June 12, 2020German Government Agrees on National Hydrogen Strategy
The German government agreed June 10 on a long-term strategy for increasing production and use of hydrogen as part of a plan to cut the country’s greenhouse gas emissions.
June 10, 2020Tesla’s Elon Musk: ‘Time to Go All Out’ on Semi Production
CEO Elon Musk sent an email to Tesla employees before the market opened June 10 declaring that it is “time to go all out” and put Tesla’s Semi into volume production.
June 10, 2020US Emissions Set for Record Dive With Factories and Cars Idled
Greenhouse gas emissions in the U.S. are poised for a record plunge this year, the result of coronavirus lockdown orders that have shuttered factories, closed stores and left cars and jets sitting idle.
June 9, 2020