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.

BusinessFuel

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
GovernmentBusinessFuel

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
BusinessTechnologyFuelAutonomous

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
BusinessFuelTop 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
BusinessFuel

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
BusinessTechnologyFuel

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
GovernmentBusinessFuel

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
GovernmentBusinessFuelLogisticsTop 100

Baker Hughes Bracing for Second Wave of COVID-19 Lockdowns

Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded a historic oil bust.

July 22, 2020
BusinessTechnologyFuelTCA

VW’s EV Expansion in Tennessee Is ‘On Plan’

Walls are up enclosing Volkswagen’s new $800 million electric vehicle production site in Chattanooga, Tenn., as factory equipment is shipped in for installation, an official says.

July 22, 2020
GovernmentBusinessTechnologyFuelAutonomous

Tesla Slashes Deposit for China Customers to Just $143

Tesla Inc. lowered the deposit that buyers in China have to put down on its cars, seeking to keep sales momentum in the face of intensifying competition and reductions in the government’s electric-vehicle subsidies.

July 22, 2020