The U.S. and its allies are discussing a coordinated release of about 60 million barrels of oil from their emergency stockpiles after Russia’s invasion of Ukraine pushed crude prices above $100.
February 28, 2022Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
BP Exits Stake in Russian Oil, Gas Company Rosneft
BP is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia’s invasion of Ukraine.
February 28, 2022Oil Pulls Back From $100 Amid Report That Putin Is Open to Talks
Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment.
February 25, 2022Rocky Mountain States to Team Up on Hydrogen Tech Proposal
CHEYENNE, Wyo. — Four Rocky Mountain states will cooperate on developing ways to make the most abundant element in the universe, hydrogen, more available and useful as clean-burning fuel for cars, trucks and trains, the states’ governors announced Feb. 24.
February 25, 2022TMC to Tackle Electrification in First Annual Meeting Since 2020
American Trucking Associations’ Technology & Maintenance Council plans to focus its annual meeting on electrifying performance in maintenance management.
February 24, 2022Oil Soars Past $100 After Russia Attacks Ukraine
Oil surged above $105 a barrel for the first time since 2014 after Russia attacked sites across Ukraine, triggering fears of a disruption to energy exports at a time of already tight supplies.
February 24, 2022EPA Slams USPS Plan for Mostly Gas-Powered Mail Trucks
The U.S. Postal Service has finalized a contract to replace its mail truck fleet with almost all gasoline-powered models, drawing an angry response from Biden administration officials who unsuccessfully pushed the agency to buy electric vehicles instead.
February 23, 2022Biden Wants to Cut Into China’s Electric Battery Dominance
SACRAMENTO, Calif. — President Joe Biden highlighted his efforts to counter China’s dominance of the electric battery market on Feb. 22 as he touted domestic efforts to mine and process lithium and rare metals necessary to create the technology that powers cars, electronics, wind turbines and more.
February 23, 2022Diesel Rises 3.6¢ to $4.055 in Seventh Straight Increase
The national average price for diesel continued to climb, albeit at a slower rate, rising 3.6 cents to a nearly nine-year-high of $4.055 a gallon, according to Energy Information Administration data released Feb. 22.
February 24, 2022Redwood Materials Works With California on Used Battery Collection
Redwood Materials announced a used battery collection program for California, with Ford and Volvo as project-launch partners.
February 18, 2022