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The U.S. seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration that carries the potential to destabilize global oil shipments if Iran retaliates.

Oil is poised to post a second straight weekly gain, buoyed by an improving global economic picture and rising U.S. gasoline demand.

ExxonMobil announced an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years.

Stoughton Trailers announced it has built its 50,000th dry van trailer for UPS Inc.

Anheuser-Busch is transitioning more than 180 Class 8 trucks, representing 30% of its dedicated fleet, to renewable natural gas.

American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck.

The head of the U.S.’ busiest port said China is on track to buy less than one-third of the American agricultural products it promised to purchase in 2020, the first year of a trade pact between the world’s biggest economies.

The Senate this month passed a bipartisan bill that would reauthorize the agency overseeing pipeline safety across the country.

Valvoline Inc. launched the second iteration of its heavy-duty engine oil first released in 2018 — Valvoline Premium Blue One Solution Gen2.

The rebound in U.S. retail sales slowed in July by more than expected, indicating a surge in coronavirus cases and still-high unemployment cooled the economic recovery.