91ÊÓƵ

The U.S. is backing Exxon and Chevron as they negotiate in Venezuela, Iraq, Libya, Algeria, Azerbaijan and Kazakhstan, according to public announcements and people familiar with the talks.

ConocoPhillips CEO Ryan Lance’s priority in Venezuela is recouping billions his company is owed almost two decades after its oil projects were nationalized, rather than drilling new wells. 

Three gas-fueled tractors took part in the Messy Middle, the first such powertrains to contribute to a NACFE program since 2019’s Run on Less Regional Haul demonstration.

The fuel-making plant has been slated to close since 2024 and the facility, once capable of processing 139,000 barrels of oil a day, refined its final barrel of crude in late 2025.

Shell took on more debt, while maintaining its quarterly share buyback of $3.5 billion and raising its dividend even as volatile oil prices pressure its plan to boost investor returns.

Two of Europe’s biggest auto manufacturers, Volkswagen AG and Stellantis NV, are pressuring the European Union to better protect the bloc’s troubled auto industry.

An oil exchange-traded fund posted its biggest daily inflow since the pandemic as investors bet that prices will continue to rally as tensions between the U.S. and Iran simmer.

The Trump administration hosted 55 countries at a critical-minerals summit Feb. 4, pitching price floors and a flood of U.S. private equity in a bid to reduce dependence on China.

All Transport Topics articles are now available in audio. Listen on demand to narrated stories covering trucking and transportation news.

The European Union will pitch the U.S. on a critical minerals partnership to curb China’s influence, looking to shape the Trump administration’s push to strike global agreements this week.