Biden Plans to Tap Oil Reserve to Control Gas Prices
WASHINGTON — President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, according to two people familiar with the decision, in a bid to control energy prices that have spiked as the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine.
March 31, 2022Nikola Announces ENGS to Finance Trucks, Dealer Activities
Nikola Corp. and ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group, announced an agreement to facilitate sales of Class 8 Nikola Tre battery-electric vehicles and Nikola Tre hydrogen fuel-cell electric vehicles.
March 30, 2022House Panels Have Mixed Success Getting Oil Execs to Appear
Executives from major oil companies will participate in a House Energy and Commerce Committee hearing next week on skyrocketing gasoline prices, but another House panel didn't have as much success getting witnesses to agree to appear.
March 29, 2022Connecticut Considers California Standards for Large-Truck Emissions
A Connecticut effort to curb carbon-spewing emissions from large trucks by adopting California’s clean air regulations moved forward March 28, despite heavy criticism from opponents who said it could lead to higher costs on Connecticut businesses.
March 29, 2022Canada Climate Plan Calls for 42% Cut in Oil, Gas Emissions
Prime Minister Justin Trudeau’s government wants a 42% reduction in emissions from the oil and gas sector as part of Canada’s plan to meet its 2030 emissions reduction goal.
March 29, 2022Diesel Resumes Upward Trend With 5.1¢ Increase
The national average price for diesel resumed its upward trajectory after a one-week respite, gaining 5.1 cents to settle at $5.185 a gallon, according to Energy Information Administration data released March 28.
March 28, 2022US Exports More Diesel as Global Shortage Fuels Competition
The U.S. is exporting more diesel than it has in years as buyers in Europe and Latin America vie to secure supplies that have tightened since Russia’s invasion of Ukraine.
March 28, 2022Volta Stock Plunges After Founders Resign
Shares of Volta Inc. plunged to all-time lows after the electric vehicle charging company announced the abrupt departures of two of its top executives, both of them founders of the firm.
March 28, 2022Tesla to Seek Approval for Another Stock Split
Tesla Inc. gained in early trading March 28 after the carmaker said it plans to seek shareholder approval for a move that would enable its second stock split in roughly two years.
March 28, 2022US Considers New Oil Release From Strategic Reserve
The U.S. is considering another release of oil from its emergency reserves as prices continue to surge after Russia’s invasion of Ukraine, people familiar with the matter said March 25.
March 25, 2022