Fuel

Devon Energy Corp. agreed to acquire the Williston Basin business of Grayson Mill Energy for $5 billion as consolidation continues in the U.S. oil patch.

The total marginal cost of operating a truck in 2023 rose to a record $2.270 per mile despite fuel costs that fell by 8.8 cents per mile, the American Transportation Research Institute said.

The national average diesel price jumped for the third straight week, this time leaping 4.4 cents to $3.813 a gallon, according to Energy Information Administration data released July 1.

Switching to renewable diesel has enabled Amtrak to replace about 2 million gallons of fossil fuel during the past fiscal year and move closer to its goal of achieving zero emissions.

Renault SA pledged to reduce its battery costs by around 20%, in a bid to remain competitive by adopting a cheaper cell chemistry and new production processes for electric vehicle components.

OPEC’s crude production remained steady for a third month, while some key members continued to pump above agreed limits.

LAS VEGAS — Wider adoption of low- and zero-emission commercial trucks will depend on the development of new fueling and charging infrastructure, energy leaders said.

According to industry leaders, this simple, yet crucial detail for fleets to consider when adding electric trucks to their rosters should be their top priority: where to plug them in.

Salem Carriers is to begin using two Freightliner eCascadias to service some of Daimler Truck North America’s inbound logistics needs in the Carolinas, the companies said June 25.

A Senate panel is investigating whether oil producers are illegally coordinating with OPEC to raise prices, following allegations that the former head of Pioneer colluded with the cartel.