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Oil Pares Gains as US Comments Counter Signs of Strong Market

West Texas Intermediate pared earlier gains after U.S. Energy Secretary Jennifer Granholm told MSNBC that President Joe Biden may make an announcement to address high oil and gasoline prices this week.

November 8, 2021

$10 Billion Rivian IPO Would Be Seventh-Largest on Record

Rivian Automotive Inc., the electric truck maker backed by Amazon .com Inc., has elevated the marketed range of its initial public offering to raise as much as $10 billion.

November 5, 2021

Sensata Adds EV Charging Products

Sensata Technologies announced new custom-designed high-voltage junction box solutions for charging commercial electric vehicles.

November 5, 2021

DOE Provides $128 Million for Electrified Truck Development

The Department of Energy's Office of Energy Efficiency and Renewable Energy is providing funding to five original equipment manufacturers as part of its SuperTruck 3 initiative.

November 5, 2021

Shipping Firms Seek Investments in Technology to Cut Emissions

GLASGOW, Scotland — Major shipping companies on Nov. 5 called for governments to put more money into researching and developing cleaner technologies to help the industry reduce its greenhouse gas emissions.

November 5, 2021

Global Freight Market Battles Disruptions Due to Bottlenecks

After a once-in-a-lifetime deadly pandemic, the world’s supply chains are realizing a new normal as industries meet the challenge of rebuilding and managing them in a post-­recovery era.

November 12, 2021

OPEC+ Rejects Biden’s Plea for Bigger Oil-Supply Increase

OPEC and its allies will stick to their slow pace of oil-production increases, disregarding President Joe Biden’s demand to go faster.

November 4, 2021

TravelCenters of America Posts Higher Net Income, Revenue in Q3

TravelCenters of America Inc. saw net income and revenue climb in the third quarter amid strength in nearly all business lines.

November 2, 2021

US Says Oil, Gas Sales Damage Climate — But Won’t Stop Them

The Biden administration is planning to sell oil and gas leases on huge tracts of public land in the U.S. West, despite the Interior Department’s conclusion that doing so could cost society billions of dollars in climate change impacts.

November 2, 2021

Cummins Posts Q3 Income, Revenue Gains

Cummins Inc. reported strong medium- and heavy-duty engine sales amid global growth, despite moderating demand in China, led to increased net income and revenue in the fiscal third quarter.

November 2, 2021