Fuel News

About Fuel News...

Transport Topics fuel coverage looks closely at what powers trucks. From the latest on battery, diesel and alternative fuel technology to the costs and prices associated with each, this news category covers today’s fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.

Government, Business, Fuel

Diesel Dips for Second Consecutive Week

Diesel fell for the second consecutive week, by six-tenths of a cent to $2.427 a gallon from $2.433, the Energy Information Administration reported July 27.

July 27, 2020
Business, Technology, Equipment, Fuel

Ryder Offers Workhorse Electric Step Van

Workhorse Group Inc. announced Ryder System Inc. is offering the C-Series Workhorse all-electric step van and that Ryder will place the first group of Workhorse C 1000 vehicles through COOP.

July 24, 2020
Business, Technology, Equipment, Fuel

Green Energy Companies Partner to Proliferate Hydrogen Trucks

Green energy companies ReCarbon and HYZON Motors partnered July 23 in an effort to propel hydrogen-powered truck projects globally.

July 24, 2020
Business, Fuel

Oil Trading Profits Soar for Energy Majors Who Made Storage Bets

In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast.

July 24, 2020
Government, Business, Fuel

Senators Advance Diesel-Reduction Program

A program meant to improve air quality by reducing diesel emissions was included in the annual defense authorization bill the Senate passed July 23.

July 24, 2020
Business, Technology, Fuel, Autonomous

VW CEO Herbert Diess Lauds Elon Musk Over Tesla’s Earnings

Volkswagen AG’s CEO again praised Tesla Inc.’s Elon Musk, this time for showing it’s possible to profit off electric cars even in the midst of a global pandemic.

July 24, 2020
Business, Fuel, Top 100

Schlumberger Shrinks Staff to Lowest Since Pre-Shale Era

Schlumberger Ltd. posted its weakest sales in 14 years and is cutting one-fifth of its workforce while warning that new waves of COVID-19 could derail the nascent recovery in global energy demand.

July 24, 2020
Business, Fuel

Daimler Posts Q2 Net Loss, Lower Revenue as Pandemic Slashes Demand

The Daimler Group reported a net loss and lower revenue in the second quarter as demand for its trucks, vans, buses and cars fell amid the global novel coronavirus pandemic.

July 23, 2020
Business, Technology, Fuel

Nikola Breaks Ground on Arizona Plant

Nikola Corp. broke ground July 23 on a new electric-truck factory in Coolidge, Ariz., that it hopes to open next year, but first the startup needs to figure out a way to pay for the 1 million square-foot facility and other expenses with little cash on hand.

July 23, 2020
Government, Business, Fuel

Fiat Chrysler, Iveco Offices Searched in Emissions Probe

FRANKFURT, Germany — Investigators searched offices of automaker Fiat Chrysler and truck maker Iveco in Germany, Switzerland and Italy on July 22 as part of an investigation into suspected illegal manipulation of diesel emissions.

July 22, 2020