Oil steadied below $49 a barrel as U.S. drillers continued to boost activity, countering OPEC’s efforts to drain a global glut.
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Oil Drops, Diesel Average Slips to $2.564
The U.S. average retail price of diesel slipped 1.5 cents to $2.564 a gallon and crude oil prices dropped below $49 a barrel as efforts to reduce global production bumped against increased domestic shale production, experts said.
March 13, 2017Oil Trades Below $50 After US Supply Glut Erases OPEC's Gains
West Texas Intermediate crude traded below $50 a barrel after surging U.S. supplies wiped out gains in the three months since OPEC’s decision to cut output.
March 10, 2017Engineers Give D+ Grade to US Infrastructure — Again
WASHINGTON — The country’s infrastructure again received a near-failing grade from the American Society of Civil Engineers, highlighting a lack of improvement four years after the group’s last assessment.
March 13, 2017Oil Slumps to Lowest This Year as Traders Focus on Record Supply
Oil slumped more than 5% to the lowest close this year after government data showed production cuts from OPEC and other producers have not been enough to reduce U.S. supplies.
March 8, 2017Oil Slips, Diesel Inches Up 0.2¢ to $2.579
The U.S. average retail price of diesel rose 0.2 cent to $2.579 a gallon as crude oil prices remained near $53 a barrel and U.S. production advanced amid other cuts in global production.
March 6, 2017Peak Gasoline Demand Looms With Engine Efficiency Gains
Demand for gasoline in the United States, which accounts for one-tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said.
March 3, 2017Engine Makers Emphasize the Power of Telematics Support for Customers
NASHVILLE, Tenn. — Engine makers, two of whom also build heavy-duty trucks, emphasized the powerful role of telematics in delivering customer support as they announced service-related features.
March 6, 2017Trump to Shift Biofuel Blending Burden Off US Refiners: Sources
President Trump intends to revamp the national biofuels program to ease regulations on oil refiners while providing new incentives for ethanol and biodiesel production, people familiar with the plan told Reuters on Feb. 28.
February 28, 2017Diesel Rises 0.5¢ to $2.577
The U.S. average retail price of diesel rose 0.5 cent to $2.577 a gallon, diesel’s third increase after four consecutive weekly declines, the Department of Energy reported Feb. 27.
February 27, 2017