DUBAI, United Arab Emirates — Saudi Arabia said Aug. 3 it will extend its production cut of 1 million barrels of oil a day through the end of September in its effort to boost energy prices.
August 3, 2023Government, Business, Fuel
Saudi Arabia Extends Oil Production Cut Through September
Business, Fuel
Badar Khan to Succeed Retiring Cathy Zoi as CEO of EVgo
Electric-car charging company EVgo Inc. said CEO Cathy Zoi will retire in November and be succeeded by board member Badar Khan.
August 2, 2023Government, Business, Fuel
Plan to Restock Emergency Oil Reserve Put on Hold
WASHINGTON — The Biden administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 a barrel.
August 2, 2023Government, Fuel
Diesel Price Blows Past $4 a Gallon With 22.2¢ Surge
Proving last week’s surge wasn’t a fluke, the national average diesel price skyrocketed 22.2 cents to reach $4.127 a gallon, according to the Energy Information Administration.
August 2, 2023Business, Technology, Equipment, Fuel, For-Hire
Nikola Begins Production of Hydrogen Fuel Cell Class 8 Truck
Nikola began production of the Tre hydrogen fuel cell electric truck July 31 at its Coolidge, Ariz., factory, the company said.
August 2, 2023Business, Technology, Equipment, Fuel
Nikola Stock Surges as Retail Investors Pile In
A gravity-defying rally in electric vehicle startup Nikola Corp. is showing no signs of stopping, as the company’s latest efforts to conserve cash and secure funds reignites a stock fervor.
August 1, 2023Government, Business, Technology, Fuel
Tesla Wants to Build Texas-to-California Semi Charging Route
Tesla reportedly is seeking nearly $100 million from the U.S. to build nine electric semi-truck charging stations along a route from the southern border of Texas to northern California.
August 1, 2023Business, Fuel
BP Profits Are Cut in Half to $2.6 Billion
LONDON — Energy giant BP said Aug. 1 that it earned nearly $2.6 billion in the second quarter, almost half what it posted in the first quarter as oil and natural gas prices have fallen.
August 1, 2023Business, Fuel
Scorching Heat Curbs Gas Output, Raises Prices
Record-breaking summer heat is forcing fuelmakers to cut back operations, just as dwindling supplies are causing gasoline prices to surge around the world.
July 31, 2023Business, Technology, Equipment, Fuel
Technology Fuels a New Future for Internal Combustion Engine
Industry leaders have been working to give the basic piston engine an extended life using greener fuels as they allow reduced cost of fuel while at the same time reducing greenhouse gases.
July 31, 2023