Oil traded near a two-week high in New York amid signs of a further drop in U.S. stockpiles and ongoing concerns that political friction in the Persian Gulf could disrupt exports.
July 31, 2019Search
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BP Bucks Trend of Big Oil Earnings Misses as Output Rises
BP bucked the trend of disappointing oil and gas earnings, beating expectations and increasing its cash flow as higher production offset the effect of lower energy prices.
July 30, 2019Diesel Drops by 1¢ to $3.034 a Gallon
The U.S. average retail price of diesel dropped by 1 cent to $3.034 a gallon, the Department of Energy reported July 29.
July 29, 2019Pets Can Help Fleet Recruitment Efforts and Boost Driver Satisfaction
Many carriers allow truck drivers to bring along a cat or dog as a companion. For fleets, the benefits seem to outweigh the costs.
July 29, 2019Best Uses Electric Class 8 to Deliver Container, a First for Port Newark
Best Transportation announced it used a Class 8 battery-electric vehicle to deliver a container from Port Newark to a Costco wholesale location within New Jersey without incident, calling it a first at the port and part of the carrier’s ongoing evaluation of electric trucks.
July 26, 2019EPA Dismisses California’s Emission Compromise With Automakers
Four major automakers reached a compromise with California’s clean-air regulator to boost fuel efficiency, a move the Trump administration dismissed as a “PR stunt” that wouldn’t affect its plans to ease mileage requirements enacted during the Obama administration.
July 25, 2019CARB, Four Automakers Reach Deal That Circumvents White House, Sources Say
Four major automakers have reached a secret deal with California to increase gas mileage and greenhouse gas emissions standards, bypassing the Trump administration’s plan to freeze standards at 2021 levels, according to two people briefed on the matter.
July 25, 2019Availability of Medium-Duty E-Trucks Is Limited as Testing Continues
Battery-electric medium-duty trucks may have a bright future due to their potential to reduce operational costs and improve sustainability. But currently, the availability of these trucks is limited as testing continues.
July 23, 2019Diesel Drops 0.7¢ to $3.044 a Gallon as Oil Prices Hold Steady
The U.S. average retail price of diesel dropped by 0.7 cent to $3.044 a gallon, the Department of Energy reported July 22. Meanwhile, crude oil rose to slightly more than $56 a barrel during trading of West Texas Intermediate.
July 22, 2019Millions of Barrels of Iran Oil Are Sitting in China’s Ports
Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer.
July 22, 2019