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Five gasoline tankers that were en route to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s refineries.

Oil rallied to the highest in nearly two years in New York after OPEC+ shocked markets with a decision to keep supply limited as the global economy starts to recover from the pandemic-driven slump.

Commercial Vehicle Group announced a partnership with commercial electric vehicle manufacturer Xos Inc. to develop sustainability initiatives intended to champion innovation and solutions for growing macro-trends in the marketplace.

Volkswagen AG’s main brand doubled its forecast for the share of purely battery-powered cars in Europe to 70% by the end of the decade, signaling it expects to be delivering well more than 1 million EVs a year by then.

ExxonMobil Corp. sees multiple money-making opportunities in a low-emissions world and is targeting partnerships with venture funds to help finance growth in its carbon capture business, CEO Darren Woods said.

Workhorse Group Inc. said March 4 it sees a “prolonged process” as it attempts to challenge the loss of a massive U.S. Postal Service contract to build the agency’s next-generation fleet of delivery trucks.

General Motors is looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea.

FedEx Corp. announced plans to achieve carbon–neutral operations globally by 2040, with vehicle electrification a key tenet of the strategy.

As gas tax revenue declines because more people are buying electric vehicles, a Minnesota lawmaker has proposed a bill that would tax electricity as fuel at charging stations for electric vehicles.

Jennifer Granholm used her first speech as U.S. energy secretary to warn oil and gas companies they risk being left behind unless they embrace a transition to cleaner sources of energy, while offering them an opportunity to partner with the new administration.