Fuel

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.

Green energy companies ReCarbon and HYZON Motors partnered July 23 in an effort to propel hydrogen-powered truck projects globally.

In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast.

A program meant to improve air quality by reducing diesel emissions was included in the annual defense authorization bill the Senate passed July 23.

Volkswagen AG’s CEO again praised Tesla Inc.’s Elon Musk, this time for showing it’s possible to profit off electric cars even in the midst of a global pandemic.