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Diesel can play a central role for the transportation sector as it moves toward a more sustainable future, a panel of experts said.

China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude oil.

For just the second time in 2½ months, the weekly national average price of diesel fuel rose.

The U.S. Environmental Protection Agency honored 75 carriers, logistics providers and freight shippers with its annual SmartWay Excellence Awards.

Volkswagen AG CEO Herbert Diess vowed to pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term.

Algeria, which this year holds the OPEC presidency, said that both Saudi Arabia and Russia were pressing fellow members to prolong the current oil-supply cuts into next year, rather than tapering them as planned. Algeria supported the proposal, the first country to publicly do so.

Volvo Trucks North America announced it, and other industry associations and companies, helped facilitate the modification of California utility rules to give private entities the ability to sell electricity as a motor fuel at publicly accessible charging stations for medium- and heavy-duty electric vehicles.

U.S. stocks rose as a gust of optimism swept through global equity markets as millions of Americans headed to vote. The dollar weakened and crude oil increased by the most in a month.

The national average price of diesel dropped 1.3 cents, according to the Energy Information Administration’s weekly data released Nov. 2. The decline, which comes amid tumbling oil prices, is the eighth in the past nine weeks.

OPEC+ inched closer to delaying its January output increase, with Russia actively discussing keeping its current curbs for an extra three months as oil markets weaken.