Fuel News

The International Air Transport Association released a report on June 7 saying it now expects airlines worldwide to earn a combined $23 billion in net profit in 2026, down from $45 billion in 2025.

Chairwoman Shelley Moore Capito said the panel is crafting legislation aimed at improving safety and reliability across the nation’s transportation network.

Most cars lose value the moment they leave a dealer’s lot. The Toyota RAV4 hybrid gains it.

Brent crude, the international standard, was up 1.3% to $94.31 after jumping $4.60 a barrel overnight.

There are currently 262 supertankers, each capable of hauling 2 million barrels of crude oil, on order at shipyards around the world.

The plan would have American allies deploy assets to the strait within days of a peace deal between the U.S. and Iran.

With the Strait of Hormuz largely closed by the Iran war and Middle East producers forced to cut output, the OPEC+ decision remains theoretical for the time being.

“We’re losing money hand over fist on gas,” Elevation CEO Steve Pruett said in an interview. “Gas is half our product, so it’s really maddening.” 

The spot rate for a 40-foot container to the U.S. West Coast from Asia was up 20%, to $3,933.

RNG is already powering heavy-duty trucks on American highways, and it’s time the trucking industry paid closer attention, writes Clean Energy's Clay Corbus.