Fuel

California Attorney General Rob Bonta said the state reached a settlement with Vitol and SK Energy Americas after it alleged the firms acted together to manipulate local gasoline markets.

Key OPEC+ nations Iraq, Kazakhstan and Russia continue to pump above output limits intended to shore up global oil prices, the group’s data showed.

The trucking industry is seeing more opportunities to deploy electric vehicles despite obstacles that still must be overcome, according to a July 9 report by NACFE and RMI.

The national average diesel price rose 5.2 cents to $3.865 in its fourth consecutive increase, according to Energy Information Administration data released July 8.

Devon Energy Corp. agreed to acquire the Williston Basin business of Grayson Mill Energy for $5 billion as consolidation continues in the U.S. oil patch.

The total marginal cost of operating a truck in 2023 rose to a record $2.270 per mile despite fuel costs that fell by 8.8 cents per mile, the American Transportation Research Institute said.

The national average diesel price jumped for the third straight week, this time leaping 4.4 cents to $3.813 a gallon, according to Energy Information Administration data released July 1.

Switching to renewable diesel has enabled Amtrak to replace about 2 million gallons of fossil fuel during the past fiscal year and move closer to its goal of achieving zero emissions.

Renault SA pledged to reduce its battery costs by around 20%, in a bid to remain competitive by adopting a cheaper cell chemistry and new production processes for electric vehicle components.

OPEC’s crude production remained steady for a third month, while some key members continued to pump above agreed limits.