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Chevron, the sole Western supermajor permitted to pump Venezuelan oil, is loading tankers at the fastest pace in seven months as the U.S. government moves to control the nation’s crude riches. 

Many exhibitors and speakers at CES highlighted the shift toward software-defined vehicles that can be upgraded over time through remote updates without requiring hardware changes.

The global economy is forecast to expand 2.7% this year, down from an estimated 2.8% in 2025, the U.N. said in its World Situation and Prospects study released Jan. 8.

The North American heavy-duty truck market remains under pressure with fleets delaying equipment purchases amid uncertainty, according to consulting firm McKinsey.

Oil companies are wary of spending tens of billions of dollars into the country over the next decade and are looking for guarantees of physical and financial security amid stability concerns.

Transportation Secretary Sean Duffy is withholding nearly $160 million from California for failing to revoke more than 17,000 illegally issued non-domiciled CDLs by the Jan. 5 deadline.

The goods and services trade gap shrank 39% from the prior month to $29.4 billion, Commerce Department data showed Jan. 8. Imports decreased 3.2%.

Ford said Jan. 7 it will launch Level 3 autonomy in 2028 on its Blue Cruise feature. The new version that allows drivers to look away will debut on Ford’s all-electric small pickup truck platform.

Freight costs have dropped sharply and the cheaper shipping environment is encouraging U.S. crude to move offshore, supporting physical crude prices.