Global Fuel Prices Are Surging With Supply Risks Ahead
Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices in the run-up to a U.S. presidential election.
March 12, 2024Daily Briefings from Transport Topics
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Voltera Adds 19 Sites to Fleet Charging Portfolio
Charging infrastructure specialist Voltera secured a further 19 development sites to give it a total of 21, the company said. The company aims to double its portfolio by the end of the year.
March 12, 2024San Diego Port Unveils Nation’s First All-Electric Tugboat
The nation’s first all-electric tugboat has docked at the Port of San Diego and expects to begin emissions-free operations in about a month.
March 12, 2024Diesel Price Dips 1.8¢ in Third Straight Decline
The national average diesel price barely hung above $4 a gallon after dropping 1.8 cents to settle at $4.004, according to Energy Information Administration data released March 11.
March 11, 2024Shell Gas EVP Steve Hill to Leave the Company
Shell Plc industry veteran Steve Hill has decided to step down, the company said March 11.
March 11, 2024Aramco Announces $121 Billion Profit Last Year
DUBAI, United Arab Emirates — Saudi oil giant Aramco on March 10 reported it made $121 billion in profit last year, down from its 2022 record because of lower energy prices.
March 11, 2024Tesla’s Wall Street Fans Turn Squeamish as EV Turmoil Mounts
Tesla Inc.’s support among Wall Street bulls is weakening with the lowest percentage of analysts since April 2021 recommending that investors buy the stock.
March 8, 2024Rivian Puts Georgia Factory Plans on Pause
Rivian Automotive is pausing plans to build a new multibillion-dollar factory in Georgia, an abrupt reversal aimed at cutting costs while the company prepares to launch a cheaper electric vehicle.
March 7, 2024Exxon Move May Delay Chevron-Hess Merger
Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after ExxonMobil filed for arbitration to preserve its rights to a massive oil discovery off Guyana.
March 7, 202425 States File Suit to Block EPA Rule on Soot Pollution
WASHINGTON — A new EPA rule that sets tougher standards for deadly soot pollution faced a barrage of legal challenges March 6, as 25 Republican-led states filed lawsuits seeking to block it.
March 6, 2024