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While the U.S. action is unlikely to have an immediate impact on crude prices given the current glut in the market, it could upend energy markets and have an impact on the geopolitical landscape.

Key members led by Saudi Arabia and Russia agreed Jan. 4 to keep production levels steady through the end of March, ratifying a decision made in November to suspend last year’s sequence of increases.

Oil prices fell back Jan. 5 while the prices of precious metals surged as markets reacted calmly to the U.S. capture of Venezuelan President Nicolas Maduro in a weekend raid.

2026 Diesel prices from the U.S. Energy Information Administration are drawn from a weekly national survey of about 400 diesel service centers.

2026 Diesel prices for Comdata are based on seven–day cash card transactions from more than 6,500 truck stops.

Truck stop operator Love’s expanded its financial services arm with the acquisition of three factoring companies. The deals follow earlier factoring acquisitions in July 2020 and July 2024.

Exports are estimated to have risen 4% from last year to 429 million tons, according to Kpler. The rise was largely driven by projects like LNG Canada and Plaquemines in the U.S. ramping up output.

Key members led by Saudi Arabia and Russia will hold a monthly video conference Jan. 4, and review a decision to halt further supply hikes in Q1 after rapidly reviving production earlier this year.

By Tesla’s count, analysts on average expect the company to deliver 422,850 cars in the fourth quarter, down 15% from a year earlier. 

New Jersey is paying $13 million to fund a near-term experiment testing the ability of hydrogen-powered drayage trucks to move cargo at the Port Newark Container Terminal.