Business, Fuel

Hess Investors Vote in Favor of $53 Billion Chevron Takeover

Hess Corp. shareholders approved Chevron Corp.’s $53 billion takeover despite reservations among several prominent investors about a dispute with Exxon Mobil Corp. over a key asset.

May 28, 2024
Government, Business, Fuel

OPEC+ Expected to Extend Supply Cuts

OPEC+ will hold next month’s policy meeting online rather than in person, while several delegates said they expected the group to extend its current supply cuts into the second half of the year.

May 24, 2024
Business, Equipment

Volkswagen Reported to Eye Traton Stock Sale

Volkswagen AG is exploring the sale of as much as $1.1 billion of stock in Traton SE, taking advantage of the truck maker’s surging price to increase the number of shares available for trading.

May 13, 2024
Government, Business, Technology

Global Chips Battle Intensifies With $81B Subsidy Surge

Superpowers led by the U.S. and European Union have funneled $81 billion toward cranking out the next generation of semiconductors, escalating a showdown with China for chip supremacy.

May 13, 2024
Government, Business, Fuel

Suspicious Chinese Frying Oil Hurting US Biofuels Business

China is flooding the U.S. with used cooking oil that the biofuel industry says may be tainted, hurting American farmers and President Joe Biden’s push to promote climate-friendly energy.

May 7, 2024
Business, Technology, Fuel

Tesla Axes Supercharger Team in Blow to Broader EV Market

Tesla eliminated almost its entire Supercharger organization, which has built a network of public charging stations that virtually every major automaker is in the process of tapping into.

May 1, 2024
Government, Business, Technology

Samsung to Unveil $44 Billion Chip Push as Soon as Next Week

Samsung is preparing to take the wraps off a $44 billion investment in U.S. chipmaking as soon as next week, a signature project in Washington’s effort to bring production back.

April 12, 2024
Government, Business, Fuel

IEA Warns Attacks on Russia Plants May Disrupt Diesel Market

The flurry of Ukrainian drone attacks on Russia’s oil refineries risks disrupting global markets for petroleum products, the International Energy Agency said.

April 12, 2024
Business, Fuel

OPEC+ Sticks With Supply Cuts While Oil Nears $90 a Barrel

OPEC+ chose to stick with oil supply cuts for the first half of the year, keeping global markets tight and potentially sending prices higher.

April 3, 2024
Government, Business, Safety, Logistics

The ‘No-Fail’ Mission to Protect the Red Sea Isn’t Working

For all the costly hardware the U.S. and its allies have thrown at the Houthis from Yemen, they haven’t been able to stop the attacks on civilian freighters and warships in the Red Sea.

March 27, 2024