Fuel

About Fuel News...
Business, Fuel

Oil Edges Up After US Crude Supplies Shrink Most This Year

oil refinery Emissions rise from the Royal Dutch Shell Norco Refinery in Norco, La. (Luke Sharrett/Bloomberg)

Oil was propped up by the biggest decline in U.S. crude inventories this year, signaling a bright spot in a market weakened by COVID-19.

Anres Guerra Luz | Bloomberg News
July 29, 2020
Government, Business, Fuel

US Energy Use Hit 30-Year Low in Pandemic Shutdowns

oil pump jack in Permian Basin A pump jack operates in an oil field in the Permian Basin in Texas. (Jacob Ford/Odessa American via AP)

BILLINGS, Mont. — U.S. energy consumption plummeted to its lowest level in more than 30 years this spring as the nation’s economy largely shut down because of the coronavirus, federal officials reported July 29.

Matthew Brown | Associated Press
July 29, 2020
Business, Technology, Equipment, Fuel

Wabash, eNow Unite to Produce Zero-Emission Trailer

Wabash The MSC reefer trailer (left) and eNow's solar technology. (Wabash)

Wabash National Corp. announced an exclusive agreement with eNow for its solar technology as the companies prepare to sell what they called the most eco-friendly refrigerated haul available on the market.

Roger Gilroy | Senior Reporter
July 29, 2020
Government, Business, Fuel

Oil Clings to Gains After US Supplies Shrink by Most This Year

Emissions rise from an oil refinery in Louisiana on June 12. Emissions rise from an oil refinery in Louisiana on June 12. (Luke Sharrett/Bloomberg News)

Oil was propped up by the biggest decline in U.S. crude stockpiles this year, signaling a bright spot in a market weakened by the COVID-19 pandemic.

July 29, 2020
Government, Business, Fuel

Gasoline’s Demand Rebound Fades at Height of US Driving Season

Gasoline Luke Sharrett/Bloomberg News

A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across the petroleum industry.

July 28, 2020
Business, Fuel

Oil Falls With US Stockpile Concerns Amplifying Demand Woes

A pump jack operates outside of Midland, Texas, on April 24. A pump jack operates outside of Midland, Texas, on April 24. (Matthew Busch/Bloomberg News)

Oil declined as investors turned their focus to domestic supply, with expectations for another build in U.S. stockpiles.

Andres Guerra Luz | Bloomberg News
July 28, 2020
Business, Technology, Equipment, Fuel

Nikola to Launch New US Plant With Tre Cabover Model

Nikola Tre Nikola's Tre model truck, which is scheduled to go into production at the Arizona plant in 2021. (Nikola Corp.)

The battery-electric cabover Nikola Tre model will be the first Class 8 off the assembly line at Nikola's manufacturing facility in Coolidge, Ariz.

Roger Gilroy | Senior Reporter
July 28, 2020
Business, Technology, Fuel, Autonomous

Tesla’s ‘Mind-Boggling’ Value Leads Bernstein to Downgrade

The Tesla Gigafactory in Shanghai, China, stands illuminated at night. The Tesla Gigafactory in Shanghai, China, stands illuminated at night. (Qilai Shen/Bloomberg News)

Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

Esha Dey | Bloomberg News
July 28, 2020
Government, Business, Fuel

Diesel Dips for Second Consecutive Week

Driver pumping diesel Trucking’s primary fuel is 60.7 cents a gallon less than it was a year ago. (Daniel Acker/Bloomberg News)

Diesel fell for the second consecutive week, by six-tenths of a cent to $2.427 a gallon from $2.433, the Energy Information Administration reported July 27.

Dan Ronan | Associate News Editor
July 27, 2020
Business, Technology, Equipment, Fuel

Ryder Offers Workhorse Electric Step Van

Workhorse C 1000 A Workhorse C 1000 electric step van. Ryder will place the first group of Workhorse C 1000 vehicles through COOP. (Youtube via Duane Hughes)

Workhorse Group Inc. announced Ryder System Inc. is offering the C-Series Workhorse all-electric step van and that Ryder will place the first group of Workhorse C 1000 vehicles through COOP.

July 24, 2020

Pages