Fuel News

Rather than announcing an open challenge against Iran, the U.S. is quietly coordinating with shippers willing to take a different approach.

Iran’s oil exports were sharply curtailed in May as a U.S. Navy blockade prevented any crude shipments, leaving about 80 million barrels stranded offshore, a nonprofit reported.

Under the OECD's prolonged disruption scenario, global growth slows from 3.4% last year to 2.1% this year and 1.8% in 2027, potentially pushing some economies into recession.

Following a two-week retreat, oil prices have climbed 10% this week. Brent crude oil, the international standard, climbed 2.1%  to $97.98 per barrel on June 3.

Trucking firms can offset high fuel prices with biodiesel as production of the biofuel rebounds after Renewable Fuel Standard volume requirements were finalized.

Some Dollar General shoppers are cutting back on food and other household expenses due to rising gas prices, CEO Todd Vasos said on the company’s earnings call.

Brent crude, the international standard, slipped 0.1% to $94.96 a barrel. The levels are still well above the roughly $70 level they were at before the war.

Orange EV said the orders reflect a shift in yard operations as more organizations move from limited tests to larger deployments of electric terminal trucks.

Nearshoring has further evolved supply chains this year even as tariffs and geopolitical risks have complicated the process.

Consultants and analysts gathered at OPEC’s Vienna headquarters for a technical meeting on June 1 warned that it will take many months to return to prewar operations.