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OPEC+ Edges Closer to Compromise to Extend Deepest Ever Cuts

OPEC and its allies edged closer to a consensus on extending production cuts to prop up the oil market, even as wrangling continued for a third day about whether to bring forward their next meeting.

June 2, 2020

Diesel Gives Back Increase, Falls 0.4¢ to $2.386

The nationwide average price of a gallon of diesel fell 0.4 cents to $2.386, erasing the same increase from a week earlier, according to the Energy Information Administration.

June 1, 2020

Uncertainty About OPEC+ Cuts Has Oil Struggling to Sustain Rally

OPEC+ and its allies will decide as soon as this week whether to extend their historic output curbs, yet how long and to what extent global production curtailments remain in place will be crucial to sustaining crude’s rally after a record rebound last month.

June 1, 2020

Electreon Wireless Presses Ahead With Projects to Electrify Roads

Electreon Wireless is pressing ahead with projects to test its technology that allows electric cars to be charged while driving, potentially demonstrating a way to overcome a key barrier to the mass adoption of the vehicles.

June 1, 2020

Saudi Oil Flood to China Persists Despite Historic Cuts

An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.

May 29, 2020

Driving Hasn’t Found Its New Normal Yet, NHTSA Data Shows

Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it’s a bit noisy.

May 28, 2020

Diesel Nudges Up 0.4¢ to $2.39 a Gallon for First Rise This Year

The nationwide average price of diesel fuel increased by about half a penny, the U.S. Energy Information Administration reported May 26, ending a streak of 19 consecutive weekly price decreases.

May 26, 2020

California Becomes Epicenter of Emerging Truck Technology

With its emissions mandates, tough labor laws, inspection requirements and extensive regulations, California has become both a difficult and expensive environment for trucking.

May 22, 2020

Despite Lower Gas Prices, AAA Expects Fewer Travelers This Memorial Day Weekend

The coronavirus pandemic has undermined road travel data, but anecdotal information points to fewer drivers likely to take to the road for Memorial Day weekend, AAA announced.

May 21, 2020

Unlike China, India Oil Demand Stays Weak as Economy Falters

It’s going to take months for oil demand in the world’s third-biggest market to get back to pre-virus levels as India faces its deepest recession ever in the wake of its near two-month lockdown.

May 21, 2020