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Shell Will Sell Russia Fuel Stations as Part of Exit Plan

Shell Plc is in talks to sell its fuel stations in Russia as it withdraws from the country in response to the invasion of Ukraine.

May 6, 2022

VTNA Adds First EV-Certified Dealer in Pennsylvania

Volvo Trucks North America announced TransEdge Truck Centers recently became the truck maker’s first certified electric vehicle dealer in Pennsylvania.

May 6, 2022

New England Copes With Soaring Diesel Prices

Experts worry that a continuing rise in diesel costs will affect prices at your local grocery store, on top of the inflation that has already caused prices to soar. And currently that pain is particularly acute in New England, where diesel prices have vaulted past the $6-a-gallon mark.

May 5, 2022

Wall Street, Tech Investors Back Musk Twitter Bid With $7 Billion

Elon Musk has strengthened the equity stake of his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors, including Silicon Valley heavy hitters such as Oracle co-founder Larry Ellison.

May 5, 2022

Nikola Reports Surprise Q1 Revenue

Electric truck startup Nikola said in its first-quarter earnings report on May 5 that it delivered its first semi-trucks to customers in April.

May 5, 2022

Biden Administration Lays Out Plans to Refill Oil Reserve

The Biden administration announced a plan May 5 to begin purchasing oil to refill the nation’s emergency reserve.

May 5, 2022

Trillium, Cummins Collaborate on Customer Assistance

The Love’s Family of Companies and Cummins Inc. announced they agreed to work together to help customers integrate alternative fuel and zero-emission technologies into their operations.

May 5, 2022

How Fleets Are Using Technology to Control Fuel Consumption

As the cost of diesel rises, so does trucking companies’ interest in technology to monitor and improve miles per gallon.

May 6, 2022

Shell Reports Record Q1 Earnings as Oil Prices Soar

LONDON — Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living.

May 5, 2022

OPEC+ Opens Oil Taps Gradually as Russian War Roils Markets

LONDON — OPEC and allied oil-producing countries decided May 5 to gradually increase the flows they send to the world, even as Europe’s plan to sanction Russian oil threatens to yank millions of barrels off a global market already thirsty for crude.

May 5, 2022