Fuel

Oil was propped up by the biggest decline in U.S. crude inventories this year, signaling a bright spot in a market weakened by COVID-19.

BILLINGS, Mont. — U.S. energy consumption plummeted to its lowest level in more than 30 years this spring as the nation’s economy largely shut down because of the coronavirus, federal officials reported July 29.

Wabash National Corp. announced an exclusive agreement with eNow for its solar technology as the companies prepare to sell what they called the most eco-friendly refrigerated haul available on the market.

Oil was propped up by the biggest decline in U.S. crude stockpiles this year, signaling a bright spot in a market weakened by the COVID-19 pandemic.

A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across the petroleum industry.

Oil declined as investors turned their focus to domestic supply, with expectations for another build in U.S. stockpiles.

The battery-electric cabover Nikola Tre model will be the first Class 8 off the assembly line at Nikola's manufacturing facility in Coolidge, Ariz.

Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

Diesel fell for the second consecutive week, by six-tenths of a cent to $2.427 a gallon from $2.433, the Energy Information Administration reported July 27.

Workhorse Group Inc. announced Ryder System Inc. is offering the C-Series Workhorse all-electric step van and that Ryder will place the first group of Workhorse C 1000 vehicles through COOP.