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The world may be heading for an even greater oversupply of oil, and that possibility — which could drive down fuel and energy prices — is hanging over members of the OPEC cartel as they head into negotiations Dec. 5. 

President Donald Trump’s administration asked a federal judge to throw out California’s lawsuit seeking to preserve its power to regulate tailpipe greenhouse gas emissions, saying Washington has the last word in setting fuel economy standards.

Some of China’s wealthiest tycoons steered billions of dollars into electric car companies to fuel the country’s dreams of becoming a leader in the field. Now a reckoning may be looming as car sales slow and the government reduces subsidies for the nascent industry.

Nikola Corp., Iveco and FPT Industrial announced they have begun development of their joint venture’s first truck: the battery-electric Nikola TRE.

The U.S. average retail price of diesel rose 0.4 cent to $3.07 a gallon, the Department of Energy reported Dec. 2.

When the Organization of Petroleum Exporting Countries meets this week, ministers will discuss whether to extend their current output target, because they believe relentless U.S. oil production growth will slow rapidly next year.

The U.S. average retail price of diesel dipped 0.8 cent to $3.066 a gallon, the Department of Energy reported Nov. 25.

Legislation that aims to enhance safety across pipeline systems, as well as tackle concerns related to climate change, recently was advanced by a panel in the U.S. House of Representatives.

A global glut of natural gas has gotten so massive that U.S. exporters could soon face their worst-case scenario: Halting shipments to get supply and demand back in balance.