Diamondback Energy, the largest independent oil producer in the Permian Basin, says production has likely peaked in America’s shale fields and will decline in the months ahead.
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Ìý
Diesel Price Dips 1.7¢ to $3.497 a Gallon
The national average diesel price ticked down 1.7 cents a gallon to $3.497, according to U.S. Energy Information Administration data released May 6.
May 6, 2025California Awards Tax Credits for Port, Hydrogen Projects
California Gov. Gavin Newsom awarded a $1.5 million tax credit for a hydrogen fuel facility and a $800,000 credit to expand Port Hueneme’s logistics and supply chain infrastructure.
May 5, 2025Rivian to Build $120 Million Supplier Park in Illinois
The 1.2 million-square-foot park in Normal will allow the electric-vehicle maker to increase production at its plant in 2026, when it starts building its R2 model, said CEO RJ Scaringe.
May 5, 2025Uncertainty Dominates Pre-Buy Discussions Ahead of 2027
The trucking industry’s anticipated pre-buy ahead of 2027 is taking a different shape as economic uncertainty, shifting regulations and tariffs cloud the market.
May 9, 2025OPEC+ Throws ‘Bombshell to the Oil Market’
OPEC+ agreed to surge output again in June, as the group’s leaders continue an accelerated revival of supply aimed at punishing overproducing members that has sent crude prices plunging.
May 5, 2025US Won’t Move Forward With Billions in Biden-Era Energy Loans
Energy Secretary Chris Wright said DOE doesn’t plan to move forward with billions of dollars' worth of Biden-era loans as the Trump administration reviews DOE's $400 billion green bank.
May 2, 2025Chevron Cuts Buybacks and Exxon Sits Tight as Oil Plunges
Chevron and Exxon report earnings after oil prices tumble, indicating that President Donald Trump’s trade war is hurting a key U.S. industry he pledged to help.
May 2, 2025House Votes to Overturn California Ban on Gasoline Cars
The U.S. House voted 246-164 to roll back an EPA authorization issued under former President Joe Biden, which let California ban gasoline-powered cars by 2035.
May 1, 2025Rivian Stockpiled EV Batteries From Asia Before Trump Tariffs
Rivian quietly built a reserve of electric vehicle batteries from Asia ahead of President Donald Trump’s tariffs, giving the company a measure of insurance against economic upheaval.
April 30, 2025