Truck News

Mubadala Capital is a subsidiary of Mubadala Investment, one of the sovereign wealth funds of the government of Abu Dhabi. The price tag was not disclosed.

Chevron is negotiating to add two new oil fields to its operations in Venezuela, according to people familiar with the matter, Bloomberg reports.

U.S. allies, however, have privately warned that the strait, a key thoroughfare for Middle East oil, natural gas and fertilizer, was still likely mined.

Kevin Warsh acknowledged that recent inflation reports show it has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved.”

The price for a barrel of Brent crude, the international standard, rose 0.2% on Aug. 28 to $88.68. Oil prices have been a wild card for inflation.

The Generation 6 engines meet Environmental Protection Agency 2027 nitrogen oxide emissions rules scheduled to become effective Jan. 1.

Aramco is now selling its heavier grades by moving them through Hormuz. Other Persian Gulf nations including Iraq and Qatar have also increased crude exports.

Taking a stake in Venezuela’s oil reserves would mark an almost unprecedented intervention by the U.S. in another country’s economy.

Nike said it hired Jane Ewing from Walmart to become the sportswear company’s chief commercial officer.

American Trucking Associations is warning the Trump administration about possible weaknesses in the oversight of military freight transportation.