Fuel

Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company’s previous projection.

The company will build a 435,000-square-foot facility in Orangeburg County to launch next-generation synthetic graphite production operations.

The research, published Oct. 18, marked NACFE’s first analysis of alternatives available to fleets, with the introduction of all-electric TRUs in its early stages.

Hyundai’s plant in Georgia has been running its internal logistics operations using hydrogen and the automaker has been testing domestic production of the fuel using biogas from food scraps.

The national average diesel price fell 7.8 cents to $3.553 per gallon, according to U.S. Energy Information Administration data released Oct. 21.

A combination of shareholders, lenders and customers are participating in the bridge funding, and the instruments vary among these groups, a source said.

Revoy revealed Ryder System as the first customer for the Bay Area startup’s electric vehicle, which converts a Class 8 diesel semi into a hybrid without any changes to the tractor.

Ships that carry LNG are being built faster than new supplies of the fuel can come to market, helping to lower transport costs and cushioning consumers from paying more for energy this winter.

The memorandum of understanding sends a signal to the freight market that utilities are allies, Aravind Kailas told TT. “We can present a united front,” he said.

Opponents, including trade groups and companies in the power and mining industries, were seeking to halt the rules while a legal challenge goes forward at a federal appeals court.