Fuel

The national average diesel price barely hung above $4 a gallon after dropping 1.8 cents to settle at $4.004, according to Energy Information Administration data released March 11.

Shell Plc industry veteran Steve Hill has decided to step down, the company said March 11.

DUBAI, United Arab Emirates — Saudi oil giant Aramco on March 10 reported it made $121 billion in profit last year, down from its 2022 record because of lower energy prices.

Tesla Inc.’s support among Wall Street bulls is weakening with the lowest percentage of analysts since April 2021 recommending that investors buy the stock.

Rivian Automotive is pausing plans to build a new multibillion-dollar factory in Georgia, an abrupt reversal aimed at cutting costs while the company prepares to launch a cheaper electric vehicle.

Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after ExxonMobil filed for arbitration to preserve its rights to a massive oil discovery off Guyana.

WASHINGTON — A new EPA rule that sets tougher standards for deadly soot pollution faced a barrage of legal challenges March 6, as 25 Republican-led states filed lawsuits seeking to block it.

Senate Majority Leader Chuck Schumer called on the Federal Trade Commission to open a full investigation into a wave of acquisitions in the oil and gas industry, arguing that the consolidation threatens competition and could lead to higher prices.

NEW ORLEANS — The commercial vehicle market is expected to grow thanks to a supportive economy as certain technologies are adopted within the heavy-duty market, according to research.

General Motors' hydrogen fuel cell business is working on a $65 million pilot program for hydrogen-based work site products centered around medium-duty, fuel-cell powered trucks.