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.
Diesel Falls 8.1¢ to $2.733 a Gallon; Gasoline Drops 12.7¢
The nationwide average price of diesel fuel declined by 8 cents per gallon March 16, according to the U.S. Energy Information Administration.
Oil Supertankers Fetch Astronomical Rates With Vessels Scarce
Oil companies are being forced to pay exorbitant prices for oil tankers as shipowners book vessels for storage and Saudi Arabia snaps up ships as it prepares to flood the market with crude.
Oil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout
Oil’s spectacular collapse deepened as widening global efforts to fight the spread of the coronavirus looked set to trigger the most severe contraction in annual oil demand in history.
Trump Orders US to Stock Up Oil Reserve After Price Crash
President Donald Trump ordered U.S. energy officials to purchase “large amounts” of oil to fill up the nation’s emergency reserve after the biggest price crash in a generation.
March 14, 2020Texas Shale Heartland Rattled by Coronavirus, Oil Price War
Just a week ago, when crude oil prices fell to $46 a barrel, the mayor of the biggest city in the world’s largest shale oil patch seemed oddly calm, almost relieved.
March 13, 2020Report Projects Volkswagen to Be First to Profit From Manufacturing Electric Vehicles
A new report picks Volkswagen as the first incumbent global carmaker to make money selling electric vehicles, with profits expected to arrive by 2022.
China Auto Sales Plunge in February
BEIJING — China’s auto sales plunged 81.7% in February from a year ago after much of the economy was shut down to fight a virus outbreak, an industry group reported March 12.
US Oil Output to Fall Next Year for First Time Since 2016
U.S. oil output will average 12.7 million barrels a day in 2021, down from an expected 13 million barrels this year, the Energy Information Administration said March 11.
Oil Traders Are Big Winners in Saudi-Russia Price War
Saudi Arabia and Russia’s price war is handing over a multibillion-dollar profit opportunity to the world’s largest oil traders.
OPEC Sees No Oil Demand Growth in 2020 as Virus Batters Forecast
OPEC expects there will effectively be no growth in global oil demand this year, slashing its forecasts as the coronavirus hits the world economy.