Stocks have fallen in early trading on Wall Street April 20, as energy stocks get hammered by the latest collapse in the price of oil.
April 20, 2020Fuel 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鈥檚 fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.
Stocks Sink Under Weight of Another Collapse in Oil Prices
TravelCenters of America Announces 3,000 Furloughs
TravelCenters of America Inc. announced it will furlough 2,900 field employees and 122 corporate employees in an effort to maintain its long-term success.
April 17, 2020Montana Judge Blocks Keystone XL Permit for River Crossings
TC Energy Corp.鈥檚 Keystone XL oil-sands pipeline was dealt a setback with a judge鈥檚 ruling that the U.S. Army Corps of Engineers improperly approved a streamlined permit process without fully evaluating the impact on endangered species.
April 16, 2020Fuel Cell Experts Argue for Cleaner Commercial Trucks
The trucking industry needs to continue adopting electric technologies such as fuel cells in order to combat pollution, experts said April 14.
April 16, 2020Governors Ask Trump to Waive Biofuel Quotas Amid Pandemic
Five American governors are asking the Trump administration to waive U.S. biofuel-blending requirements, arguing the cost of complying with the mandates on top of coronavirus-spurred lockdowns pose a 鈥渟evere economic harm鈥 to the country.
April 16, 2020Oil Drops to 18-Year Low on Record Demand Collapse
Oil plunged to the lowest in two decades amid a record collapse in U.S. fuel demand and the biggest-ever weekly build in domestic crude supplies.
April 15, 2020Saudi Oil Keeps Flooding Market With Output Pact Yet to Begin
Saudi Arabia and other Gulf suppliers may have agreed to cut oil production again starting next month, but by all indications the taps are set to remain wide open until then 鈥 swelling stockpiles for at least a few more weeks.
April 15, 2020Stemco Ceases Manufacturing of TrailerTail, Other Products
Industry supplier Stemco has discontinued production of its TrailerTail product, which helped pioneer improved aerodynamics at the rear of the trailer.
April 14, 2020Trump Negotiating to Lease Oil Storage Space to Nine Companies
The U.S. Energy Department is negotiating with nine companies to rent about 23 million barrels of oil storage capacity in its Strategic Petroleum Reserve as part of a Trump administration bid to help drain the country鈥檚 growing glut of crude.
April 14, 2020Diesel Sheds 4.1垄 a Gallon to $2.507 as Slide Continues
Diesel fuel prices continued their steady downward slide April 13, according to the Energy Information Administration.
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