Fuel

BP is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia’s invasion of Ukraine.

Exxon Mobil Corp. reached a final investment decision on expanding a carbon-capture facility at LaBarge in Wyoming with the $400 million endeavor expected to start up by 2025.

Northvolt AB plans to convert a closed paper mill in Sweden into a new battery materials factory, adding a third production facility in the Nordic country to supply demand fueled by the growing electrification of transport.

Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment.

CHEYENNE, Wyo. — Four Rocky Mountain states will cooperate on developing ways to make the most abundant element in the universe, hydrogen, more available and useful as clean-burning fuel for cars, trucks and trains, the states’ governors announced Feb. 24.

Hyliion Holdings Corp. reported a fourth-quarter net loss and modest first-time revenue as its work on providing electrified powertrains for Class 8 trucks continued.

The national average price for diesel continued to climb, albeit at a slower rate, rising 3.6 cents to a nearly nine-year-high of $4.055 a gallon, according to Energy Information Administration data released Feb. 22.

American Trucking Associations’ Technology & Maintenance Council plans to focus its annual meeting on electrifying performance in maintenance management.

Nikola Corp. said it will start full-scale output of battery-electric trucks next month and deliver between 300 and 500 of the big rigs to customers this year. Its shares rose despite a slump in the broader market.

Oil surged above $105 a barrel for the first time since 2014 after Russia attacked sites across Ukraine, triggering fears of a disruption to energy exports at a time of already tight supplies.