Fuel
Transport Topics fuel coverage looks closely at what powers trucks. From the latest on battery, diesel and alternative fuel technology to the costs and prices associated with each, this news category covers today’s fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.
Oil Seesaws With Demand Woes Offsetting Tighter Supply Picture
Oil swung between gains and losses as uncertainty over the prospect of a U.S. virus relief bill that could boost fuel consumption offset signals of tightening global supply.
Cadillac Set to Debut First All-Electric Vehicle
Cadillac is turning to its next chapter as an electric-vehicle brand with the debut of the 2022 Cadillac Lyriq crossover.
Exxon Says 20% of Oil, Gas Reserves Threatened by Low Prices
ExxonMobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books.
Global EV Charging Stations Top 1 Million
The electric vehicle industry has quietly hit one of its biggest milestones to date, as the number of public charging plugs around the world ticks above the 1 million mark.
Nikola Posts Q2 Loss, Stays Focused on Growth Strategy
Just months after becoming a publicly traded company, Nikola Corp. reported that net losses widened versus year-ago levels as the company continues investing in the buildup toward the introduction of its electric trucks.
Wilks Brothers Swoop In With Competing Offer for Calfrac
Wilks Brothers has made a competing proposal to recapitalize struggling energy company Calfrac Well Services Ltd. and criticized management’s deal as favoring insiders.
Shale Driller Sells Gas Fields for Fraction of Purchase Price
Range Resources Corp. is selling its Louisiana shale fields for about one-tenth of what it paid for them just four years ago as depressed natural gas prices hammered the heavily indebted driller.
Average Price of Diesel Continues to Linger in $2.40s
Diesel fell for the third consecutive week, by three-tenths of a cent to $2.424 a gallon.
Oil Rises With Signs of Economic Recovery Buoying Demand
Oil rose the most in nearly two weeks as economic data from the U.S. to Europe and Asia signaled a flicker of life in languishing demand.
Penske Truck Leasing Adds Core-Mark as EV Customer
Penske Truck Leasing announced longtime customer Core-Mark Holding Co. deployed one of Penske’s Class 8 battery-electric Freightliner eCascadias into its fleet.
August 3, 2020