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Government, Business, Fuel, TCA

Singapore Shipping Liner Fined for Dumping Oil in Pacific

An aerial view of an oil tanker. An aerial view of an oil tanker. (Suriyapong Thongsawang/Getty Images)

A shipping company was ordered to pay a $1.65 million fine and given four years’ probation after one of its vessels was caught dumping oil bilge water into the Pacific Ocean, a short distance from the Golden Gate Bridge.

Nate Gartrell | Palo Alto (Calif.) Daily News
March 23, 2020
Government, Business, Fuel

Diesel Falls 7.4¢ to $2.659 per Gallon; Gasoline Plunges 12.8¢

fuel pump Luke Sharrett/Bloomberg

The U.S. average retail price of diesel fell 7.4 cents to $2.659 per gallon, the Department of Energy reported March 23 as oil prices went lower.

Roger Gilroy | Senior Reporter
March 23, 2020
Business, Fuel

Tens of Thousands Are Getting Laid Off in US Shale Patch

A derrickman secures a length of drill pipe at a rig near Montrose, Pa. A derrickman secures a length of drill pipe at a rig near Montrose, Pa. (Daniel Acker/Bloomberg News)

The spread of the coronavirus coupled with an oil-price war between Russia and Saudi Arabia threatens to devastate the oil services industry and its workers.

David Wethe | Bloomberg News
March 23, 2020
Business, Technology, Fuel, Logistics, Autonomous

Proterra Appoints Chairman Jack Allen to CEO Post

Proterra bus Proterra Catalyst bus by Proterra

Electric-transit bus manufacturer Proterra appointed current Chairman Jack Allen to CEO as it prepares to extend its technology to other vehicle segments, including last-mile delivery.

March 23, 2020
Business, Fuel

Glut of Jet Fuel Is on Brink of Overwhelming Global Storage

Jet refueling Krisztian Bocsi/Bloomberg

The world is close to running out of space to store all the fuel that jets are no longer burning.

March 22, 2020
Business, Fuel

How Truck Stops Are Serving Truckers While Keeping Them Safe

Collage of truck stops

The nation's truck stop chains and travel centers are working hard to remain open and serve drivers during the coronavirus crisis, while also taking steps to ensure safety. Here's a rundown of what they are doing.

March 20, 2020
Business, Fuel

Oil Has Best Day Ever After Trump Hints at Role in Price War

An oil worker on an offshore platform. An oil worker on an offshore platform in early 2017. (Ali Mohammadi/Bloomberg News)

Oil surged the most ever in New York as the U.S. president said he could get involved in the standoff between Saudi Arabia and Russia that has rocked crude markets.

March 19, 2020
Government, Business, Safety, Fuel

Economists Warn of Coronavirus Impact on Business

Business Getty Images

Economists are warning that the sudden halt of business activity in the United States caused by the COVID-19 virus will take a serious toll on the economy in the months ahead, and may send the country into a recession.

Dan Ronan | Associate News Editor
March 19, 2020
Business, Safety, Fuel

Truck Stops, Travel Centers Open During Coronavirus Crisis

Love's Travel Stops A Love’s Travel Stops & Country Stores location in Hazen, Ark. Love's is providing food on a drive-through and carryout basis. (Love's Travel Stops & Country Stores)

Most travel centers and truck stops nationwide are remaining open during the coronavirus pandemic but operate with restrictions ranging from disallowing sit-down food service to practicing social distancing precautions.

Eric Miller | Senior Reporter
March 19, 2020
Business, Fuel

Contango in Full Swing for Crude Oil Market

An offshore oil platform. (Ali Mohammadi/Bloomberg News)

Oil tankers are starting to drop anchor as traders start deploying the vessels to keep barrels at sea in the wake of the price plunge.

Alex Longley | Bloomberg News
March 19, 2020