Fuel

Zero-emission truck maker Nikola Corp., which recently jumped to a publicly traded company from its startup perch, has begun building prototypes of its heavy-duty battery-electric model in Germany and is set for groundbreaking on a plant in the United States this summer.

Three OPEC members identified by their peers as failing to bring production down to target levels in May appear to have begun improving their compliance in June, if lower exports are any indication. But for the biggest overproducer, Iraq, that first step is a small one.

The national average price of diesel has increased seven-tenths of a cent to $2.403, according to the Energy Information Administration.

Many investors, including those using financial data terminals such as Bloomberg’s, were seeing something very different — that Tesla still had to gain more than $25 billion in market value to surpass Toyota.

Oil fell again as a fresh coronavirus outbreak in China, and increases in cases elsewhere, spurred concerns that a second wave of the virus will derail a nascent economic recovery.

Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude.

Oil is heading for its first weekly loss since April, when prices collapsed below zero.

The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry.

The German government agreed June 10 on a long-term strategy for increasing production and use of hydrogen as part of a plan to cut the country’s greenhouse gas emissions.

CEO Elon Musk sent an email to Tesla employees before the market opened June 10 declaring that it is “time to go all out” and put Tesla’s Semi into volume production.