Fuel
SPAC Boom Propels EV Makers to Public Markets
The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif., in August 2020. (David Paul Morris/Bloomberg News)
Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street.
January 22, 2021Oregon DOT Surveys Drivers Ahead of Local Road Usage Pilot
OregonDOT via YouTube
The Oregon Department of Transportation is in the process of determining whether interested Portland-area drivers are eligible to participate in a road usage pilot program.
January 22, 2021Lightning eMotors Expands Manufacturing Footprint
Assembled electric powertrains are ready for installation into Lightning Electric Transit 350HD vehicles. (Business Wire)
Lightning eMotors, a provider of electric powertrains for a range of commercial vehicles, announced it is adding 107,000 square feet to the footprint of its headquarters in Loveland, Colo.
January 22, 2021Oil Slips With Global Viral Resurgence Highlighting Demand Risks
An oil pumping jack operates in an oilfield in Russia in November 2020. (Andrey Rudakov/Bloomberg News)
Oil ended a choppy session lower with worsening global coronavirus outbreaks accentuating concerns over a demand rebound.
January 21, 2021EV Mania Propels Record Legacy Automaker Gains in 2021
A GM Chevrolet Bolt electric vehicle charges outside the company's headquarters in Detroit. (Jeff Kowalsky/Bloomberg News)
Investors are rewarding U.S. automakers as they embrace electric vehicles to boost growth amid a burgeoning demand for environment-friendly cars.
January 21, 2021Baker Hughes Sees Up to Four LNG Investment Decisions in 2021
(Bloomberg News)
Baker Hughes Co. expects as many as four liquefied natural gas projects globally to move to a final investment decision this year amid a global revival of the fuel after last year’s pandemic-induced collapse.
January 21, 2021Biden Unveils Sweeping Climate Plan, Moves to Rejoin Paris Pact
President Joe Biden speaks during the 59th presidential inauguration in Washington on Jan. 20. (Patrick Semansky/Bloomberg News)
President Joe Biden signed sweeping actions to combat climate change hours after taking the oath of office, moving to rejoin the Paris accord and imposing a moratorium on oil leasing in the Arctic National Wildlife Refuge.
January 20, 2021Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts
(Marcelo del Pozo/Bloomberg News)
Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route.
January 20, 2021GM’s Mary Barra Boosts Stock as Tech Story Gains Credibility
GM CEO Mary Barra talks with reporters following a meeting with lawmakers at the U.S. Capitol in June 2019. (Chip Somodevilla/Getty Images via Bloomberg News)
All General Motors Co. CEO Mary Barra needed to hit a stock record was $27 billion and a bit of braggadocio.
January 20, 2021Diesel Rises 2.6¢; Biden Stops Development of Keystone XL Pipeline
The largest gain came in the New England region, where diesel jumped 6.4 cents a gallon to $2.764. (Daniel Acker/Bloomberg News)
Truckers are continuing to see higher diesel prices as the nationwide cost of trucking’s main fuel rose 2.6 cents, the Energy Information Administration reported Jan. 18.
January 19, 2021