Fuel

Another disappointment to jolt the oil services sector: Baker Hughes Co. reported a third-quarter earnings stumble that included pain from Hurricane Ida and a warning of hampered growth for oil demand.

Program Aired: October 19, 2021. The STEER Act, a new bill introduced by Rodney Davis, will catalyze adoption of active emissions-reducing technologies by the trucking industry, the 3rd largest emitter of carbon dioxide in the US. Its initiatives will help the US continue to lead in cutting greenhouse gas emissions and put money in truckers’ pockets.

The national average price of diesel continued to surge, spiking 8.5 cents to $3.671 a gallon, according to Energy Information Administration data released Oct. 18.

Tesla Inc. shares are staging a comeback as investors expect the Elon Musk-led electric carmaker to navigate the crippling semiconductor shortage better than rivals that have been severely disrupted.

TAIPEI, Taiwan — The Taiwanese company that manufactures smartphones for Apple Inc. and other global brands announced plans Oct. 18 to produce electric cars for auto brands under a similar contract model.

LONDON — Ford Motor Co. plans to spend up to $315 million to turn a transmission factory in northwest England into a plant that will make electric power units for cars and trucks sold throughout Europe.

DETROIT — Toyota plans to build a $1.29 billion factory in the U.S. to manufacture batteries for gas-electric hybrid and fully electric vehicles.

Nikola Corp. announced a collaboration with PGT Trucking Inc. that includes a letter of intent from the flatbed carrier to lease 100 Nikola Tre heavy-duty fuel cell electric vehicles following the satisfactory completion of a Nikola Tre FCEV demonstration program.

NEW YORK — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods.

House Democrats began making the case Oct. 14 for stricter regulation of thousands of abandoned wells, platforms and pipelines off the U.S. coasts following one of the biggest offshore spills in California in nearly 30 years.