Oil fell despite the first U.S. stockpile decline since January.
May 13, 2020Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Oil’s Scenario of Exhausted Storage Starts to Fade
While the global oil market remains in a dire situation, it’s starting to look like the nightmare scenario envisioned for the past month might just be averted.
May 12, 2020Diesel Prices Show Signs of Leveling Off After Significant Declines
The average price of a gallon of diesel fuel fell only half a penny nationwide to $2.394 from $2.399 the previous week, according to the Energy Information Administration's weekly report May 11.
May 11, 2020Electric Truck Integration Poses Challenges for Fleets, Study Shows
Many fleets are looking to integrate electric trucks into their operations but are stymied by a series of obstacles that will slow the shift from diesel vehicles.
May 11, 2020Saudi Arabia Cuts Oil Output Again
Saudi Arabia announced a surprise move to slash oil output to the lowest point in 18 years as it tries to spur the recovery from an energy crisis that has devastated the kingdom’s finances.
May 11, 2020Oil Slips With Glut Concerns, Reversing Saudi Price Hike Boost
Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike.
May 7, 2020Oil Jumps After Saudi Arabia Raises Prices to Boost Recovery
Oil surged after Saudi Arabia raised prices for its crude globally.
May 7, 2020IMF: World Needs Two-Decade, $20 Trillion Investment
The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades as nations spend on initiatives including improved healthcare systems, infrastructure and green technology.
May 6, 2020CARB Updates Proposal to Speed California’s Transition to Zero-Emission Vehicles
California environmental regulators have issued an accelerated plan to mandate that truck manufacturers transition a portion of their sales from heavy diesel trucks to electric zero-emission vehicles beginning in 2024.
May 5, 2020Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut
Oil’s recovery from last month’s epic plunge accelerated as production cuts start to whittle down a supply glut and more economies ease their coronavirus lockdowns.
May 5, 2020