Business, Fuel

Oil Steadies Below $49 as US Drilling Threatens Longer Glut

Daniel Acker/Bloomberg News

Oil steadied below $49 a barrel as U.S. drillers continued to boost activity, countering OPEC’s efforts to drain a global glut.

Ben Sharples and Grant Smith | Bloomberg News
March 13, 2017
Business, Government, Safety, Logistics, Fuel

Engineers Give D+ Grade to US Infrastructure — Again

WASHINGTON — The country’s infrastructure again received a near-failing grade from the American Society of Civil Engineers, highlighting a lack of improvement four years after the group’s last assessment.

Eugene Mulero | Staff Reporter
March 13, 2017
Business, Fuel

Oil Trades Below $50 After US Supply Glut Erases OPEC's Gains

Daniel Acker/Bloomberg News

West Texas Intermediate crude traded below $50 a barrel after surging U.S. supplies wiped out gains in the three months since OPEC’s decision to cut output.

Mark Shenk and Grant Smith | Bloomberg News
March 10, 2017
Business, Fuel

Oil Slumps to Lowest This Year as Traders Focus on Record Supply

Daniel Acker/Bloomberg News

Oil slumped more than 5% to the lowest close this year after government data showed production cuts from OPEC and other producers have not been enough to reduce U.S. supplies.

Justin Sink | Bloomberg News
March 8, 2017
Business, Fuel

Oil Slips, Diesel Inches Up 0.2¢ to $2.579

Daniel Acker/Bloomberg News

The U.S. average retail price of diesel rose 0.2 cent to $2.579 a gallon as crude oil prices remained near $53 a barrel and U.S. production advanced amid other cuts in global production.

Transport Topics
March 6, 2017
Fuel, Business, Technology

Engine Makers Emphasize the Power of Telematics Support for Customers

Joseph Terry/TT

NASHVILLE, Tenn. — Engine makers, two of whom also build heavy-duty trucks, emphasized the powerful role of telematics in delivering customer support as they announced service-related features.

Roger W. Gilroy and Jonathan S. Reiskin | Staff Reporters
March 6, 2017
Business, Fuel

Peak Gasoline Demand Looms With Engine Efficiency Gains

Luke Sharrett/Bloomberg News

Demand for gasoline in the United States, which accounts for one-tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said.

Ron Bousso | Reuters
March 3, 2017
Business, Fuel

Trump to Shift Biofuel Blending Burden Off US Refiners: Sources

Jason Reed/Reuters

President Trump intends to revamp the national biofuels program to ease regulations on oil refiners while providing new incentives for ethanol and biodiesel production, people familiar with the plan told Reuters on Feb. 28.

Chris Prentice | Reuters
February 28, 2017
Business, Fuel

Diesel Rises 0.5¢ to $2.577

Spencer Platt/Getty Images

The U.S. average retail price of diesel rose 0.5 cent to $2.577 a gallon, diesel’s third increase after four consecutive weekly declines, the Department of Energy reported Feb. 27.

Staff and Wire Reports | Bloomberg News contributed to this story.
February 27, 2017
Business, Safety, Autonomous, Fuel, Government, Logistics, Technology

ATA Voices Support for New NACV Show

American Trucking Associations will be a supporter of the new North American Commercial Vehicle Show that debuts in Atlanta on Sept. 25-29.

Jonathan S. Reiskin | Associate News Editor
February 27, 2017