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The Biden administration announced a plan May 5 to begin purchasing oil to refill the nation’s emergency reserve.

The Love’s Family of Companies and Cummins Inc. announced they agreed to work together to help customers integrate alternative fuel and zero-emission technologies into their operations.

Autonomous driving technology company Aurora Innovation Inc. announced it is developing a system, Aurora Beacon, intended to allow customers to optimize autonomous vehicles for “24/7/365 operation.”

LONDON — Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living.

MILAN — Carmaker Stellantis on May 5 reported higher first-quarter revenues despite lower deliveries, with no significant impact from the closure of its Russian plant due to sanctions.

GXO Logistics Inc. recorded higher net income and revenue in the first quarter, the company reported May 4.

SANTA FE, N.M. — New Mexico is highlighting its support for proposals that would route an international rail line through its Santa Teresa port of entry, capitalizing on Mexico’s unease with disruptions along the Texas portion of the U.S. border with Mexico.

U.S. productivity dropped in the first quarter by the most since 1947 as the economy shrank, while labor costs surged and illustrated an extremely tight job market.

LONDON — OPEC and allied oil-producing countries decided May 5 to gradually increase the flows they send to the world, even as Europe’s plan to sanction Russian oil threatens to yank millions of barrels off a global market already thirsty for crude.

TravelCenters of America Inc. reported first-quarter net income and revenue rose along with gross fuel margins.