Fuel

A hydrogen-powered commercial truck built by Hyundai was set to begin hauling groceries in Switzerland in April, representing the first of 1,600 fuel cell electric trucks that the manufacturer plans to put on highways in the Alpine nation by 2025.

Oil is set to edge lower for the week after recovering from a dramatic collapse April 20 that saw prices in New York plunge below zero for the first time in history.

The introduction of electric-­powered trucks represents a new frontier for the transportation industry, but this new breed of commercial vehicle will not be completely unfamiliar to fleets and maintenance shops.

Fleets that have been at the forefront of testing electric trucks are gaining insights into how these new vehicles perform in real-world freight operations.

The advance of diagnostic programs has improved maintenance and uptime for diesel trucks, and it appears the same will be true for electric-powered vehicles.

As Russia’s small oil producers struggle to survive a historic price crash, some say in private they wish they could just set their crude ablaze.

Two groups integral to the distribution of fuel in the country called on Congress to include them in a proposal that would provide essential personnel $25,000 in compensation during the pandemic.

Oil ministers from the OPEC+ coalition held an unscheduled conference call on April 21 to discuss the collapse in crude prices, though a closing statement signaled they didn’t settle on any new policy measures.

Traders may have hoped that the April 20 collapse in U.S. oil prices below zero for the first time in history was an aberration.

The world’s biggest independent oil storage company has all but run out of space for crude and refined products as a result of the fast-expanding glut that COVID-19 has created.