Government

Global oil demand growth slowed to its weakest in more than a year last quarter as the post-pandemic rebound in China fades, the International Energy Agency said.

The Biden administration is set to award Volvo Group, Accelera by Cummins and ZF North America a combined $441 million in grants to upgrade manufacturing facilities.

California Attorney General Rob Bonta said the state reached a settlement with Vitol and SK Energy Americas after it alleged the firms acted together to manipulate local gasoline markets.

Efforts to chip away at acting Secretary Julie Su’s agenda at the Department of Labor remain a priority for congressional Republicans.

Construction of Amplify Cell Technologies’ battery cell manufacturing plant in Marshall County, Miss., has begun, the joint venture among Accelera, Daimler Trucks and Paccar said.

WASHINGTON — Following a hearing with House lawmakers, Secretary Pete Buttigieg said enhancing parking availability for commercial vehicles remains central to his department’s agenda.

Key OPEC+ nations Iraq, Kazakhstan and Russia continue to pump above output limits intended to shore up global oil prices, the group’s data showed.

Kroger Co. released the full list of stores, distribution centers and plants it plans to divest to secure regulatory approval for the proposed merger with Albertsons Cos.

The Biden administration is poised to lend $1.2 billion to Entek Lithium Separators to help expand the U.S. supply chain for lithium-ion batteries used in electric vehicles.

The national average diesel price rose 5.2 cents to $3.865 in its fourth consecutive increase, according to Energy Information Administration data released July 8.