Fuel

Canada plans to formally join Mexico in calling for an arbitration panel to resolve a dispute with the U.S. over how to interpret rules governing the origin of vehicle parts.

The U.S. Energy Department awarded a second batch of crude oil from the strategic reserve to Marathon Petroleum Corp. as part of the Biden administration’s effort to lower energy costs.

ExxonMobil Corp. said it will adjust its rates following a Dec. 23 fire at its Baytown, Texas, refinery that injured four people.

Commercial vehicle manufacturers Daimler Truck, Traton Group and Volvo Group announced they signed a binding agreement to create a joint venture to install and operate a high-performance public charging network for battery-electric, heavy-duty longhaul trucks and coaches across Europe.

The U.S. government has authorized Petroleos Mexicanos’ bid to take over Royal Dutch Shell Plc’s Deer Park refinery, according to Mexico President Andres Manuel Lopez Obrador.

State Environmental Protection officials adopted Advanced Clean Truck rules Dec. 20 that would make New Jersey the first East Coast state to require phasing in of electric commercial trucks to reduce air pollution and the diseases it causes.

The national average price of diesel slid 2.3 cents to $3.626 a gallon in the fifth consecutive decline, according to Energy Information Administration data released Dec. 20.

WASHINGTON — In a major step to fight climate change, the Biden administration is raising vehicle mileage standards to significantly reduce emissions of planet-warming greenhouse gases.

The Biden administration’s release of crude from U.S. emergency reserves to cool oil’s rally is going into a second round, with bids due by the first working day of the year.

BrightDrop, General Motors Co.’s new electric delivery and logistics business, has delivered the first five vans of an order of 500 to FedEx Corp., the company said Dec. 17.