Government, Business, Fuel

Keystone Foes Prepare Fight as Trump Issues Pipeline Permit

Pete Marovich/Bloomberg News

President Trump is making good on his promise to approve the Keystone XL oil pipeline — but the fight is far from over.

Jennifer A. Dlouhy | Bloomberg News
Meenal Vamburkar and Andrew M. Harris
March 24, 2017
Business, Fuel

Oil Trades Near $48 as Investors Await Upcoming Producer Talks

Akos Stiller/Bloomberg News

Oil was little changed before a meeting between OPEC and its allies that may signal the outlook for extending their output curbs.

Mark Shenk | Bloomberg News
March 23, 2017
Government, Business, Fuel

Rep. DeFazio Introduces Transportation Infrastructure Legislation

Andrew Harrer/Bloomberg News

Rep. Peter DeFazio (D-Ore.) introduced a transportation infrastructure bill on March 22 that he said will increase the gasoline and diesel tax by about a penny to provide about $500 billion in funding to rebuild U.S. roads, bridges and transit systems.

Eric Miller | Staff Reporter
March 22, 2017
Business, Fuel

Diesel Price Declines 2.5¢ to $2.539 a Gallon

Todd Lappin/Flickr

The U.S. average retail price of diesel declined 2.5 cents to $2.539 a gallon, according to the Energy Information Administration of the Department of Energy.

Transport Topics
March 20, 2017
Business, Fuel

Oil Drops as US Drilling Growth Threatens to Counter OPEC Cuts

Daniel Acker/Bloomberg News

Oil fell as U.S. drilling continued to rise, undermining the potential for even an extended OPEC output-reduction deal to rebalance the market.

Rakteem Katakey and Heesu Lee | Bloomberg News
March 20, 2017
Equipment, Business, Fuel

Truck Engines Incorporate Advanced Engineering to Meet Phase 1 Greenhouse-Gas Standards

Volvo Trucks North America

The diesel engines built this year are more efficient as the second step of greenhouse-gas Phase 1 standards takes effect. These power plants also offer improved reliability, advanced engineering, reduced maintenance and performance improvements that fleet managers and truck drivers will notice, industry experts said.

John Baxter | Contributing Writer
March 17, 2017
Government, Business, Fuel

Cities Shop for $10 Billion of Electric Vehicles to Defy Trump

National Retail Systems Inc

Dozens of U.S. cities are willing to buy $10 billion of electric cars and trucks to show skeptical automakers there’s demand for low-emission vehicles, just as President Trump seeks to review pollution standards the industry opposes.

Joe Ryan | Bloomberg News
March 14, 2017
Business, Fuel

ConMet, Protean Electric to Develop Hybrid Wheel End

Consolidated Metco Inc. announced it is partnering with Protean Electric to develop an electric in-wheel drive system to provide hybrid-electric solutions for the medium- and heavy-duty commercial vehicle markets.

Transport Topics
March 14, 2017
Business, Fuel

Oil Drops, Diesel Average Slips to $2.564


The U.S. average retail price of diesel slipped 1.5 cents to $2.564 a gallon and crude oil prices dropped below $49 a barrel as efforts to reduce global production bumped against increased domestic shale production, experts said.

Transport Topics
March 13, 2017
Business, Fuel

Oil Executives Are Confident That the Future Is Bright

BP CEO Robert Dudley. Photo by Christophe Morin/Bloomberg News

Oil prices are down nearly 10% over the past month, leading some to wonder if we're set for a resumption of the plunge seen between 2014 and early 2016. Executives at oil companies, however, are optimistic.

Julie Verhage | Bloomberg News
March 13, 2017