Fuel
Spending on Global Energy Transition Hits Record $500 Billion
(Alex Kraus/Bloomberg News)
The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels.
January 19, 2021Rivian Reportedly Reaches $27.6 Billion Value on New Funds
Rivian's R1T electric pickup truck. (Patrick T. Fallon/Bloomberg News)
Rivian Automotive Inc., the electric-truck startup backed by Amazon .com Inc. and Ford Motor Co., raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc.
January 19, 2021Oil Slumps on Dollar Strength, Cooling Consumer Sentiment
Emissions rise from a refinery in Norco, La., in June 2020. (Luke Sharrett/Bloomberg News)
Oil slid by the most in three weeks as a stronger dollar and weak U.S. economic data stoked concerns over an economic rebound.
January 15, 2021Trump Aims to End Ethanol Warning Labels in Biofuel Policy Blitz
An American flag hangs on display at an ethanol facility in Iowa in June 2019. (Daniel Acker/Bloomberg News)
The Trump administration advanced a flurry of biofuel policy proposals Jan. 15, including plans that could help ethanol producers sell more of the corn-based fuel.
January 15, 2021NACFE Plans Run on Less-Electric Event in September
A Run on Less truck from a prior event. This year's edition will involve electric trucks. (NACFE via Vimeo)
The North American Council for Freight Efficiency announced plans for Run on Less-Electric, a technology demonstration of a variety of battery-electric trucks in everyday operation.
January 14, 2021Diesel Forward Acquires Dipaco
A production worker at a Diesel Forward facility. Diesel Forward provides aftermarket diesel-engine fuel systems and technical components for light-, medium- and heavy-duty and off-highway vehicles. (Diesel Forward)
Diesel Forward is expanding its diesel fuel systems services by increasing its repair parts offering with the acquisition of Dipaco.
January 14, 2021EPA Readies Biofuel Waivers, Delays for Trump’s Final Days
Steam billows out of a smokestack at a biorefining facility in Iowa. (Sergio Flores/Bloomberg News)
The Trump administration is expected to exempt some oil refineries from 2019 mandates to use renewable fuel as it readies possible last-minute moves on U.S. biofuel policy.
January 13, 2021US Diesel Stockpiles Swell as Global Fuel Demand Falters
A tanker truck sits parked at a diesel fuel pump in Princeton, Ill., in April 2020. (Daniel Acker/Bloomberg News)
The world’s appetite for U.S. diesel is falling, leaving stockpiles of the fuel at their highest level since early October.
January 13, 2021Saudis Curb Oil Supply to Some Buyers After Vow to Pump Less
The Gemini Star oil tanker, owned by a subsidiary of Saudi Aramco, is seen with a tug boat. (Dana Smillie/Bloomberg News)
Saudi Arabia reduced crude oil supplies to at least 11 refiners in Asia and most buyers in Europe after the kingdom volunteered to cut its production by 1 million barrels a day for February and March.
January 13, 2021Paccar Parts Begins Selling Electric Vehicle Chargers
Paccar electric charger with Kenworth K270E and Peterbilt 220EV trucks. (Paccar)
Paccar Parts announced it is making available to customers electric vehicle charging stations designed to be compatible with Paccar Inc.’s Kenworth Truck Co., Peterbilt Motors Co. and DAF electric trucks.
January 13, 2021