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A small fleet of ships booked by Chevron is sailing to Venezuela as the company emerges as the only exporter of the country’s oil following the ouster of President Nicolas Maduro by U.S. forces.

LaMalfa was a senior member of the Transportation and Infrastructure Committee, and he sought to repeal the 12% federal excise tax on certain commercial vehicles.

EIA expects the spot Brent crude price to average $55 per barrel in 2026, down from $69 in 2025 and $81 in 2024. Brent is the global benchmark for crude prices.

Growth in global sales of EVs is expected to slow as China winds down some subsidies, Europe wavers on its phase-out of combustion engines, and U.S. producers make a U-turn from the segment.

Jefferies Financial Group is pressing to question First Brands founder Patrick James under oath, saying the former CEO cannot avoid an upcoming deposition.

Energy Secretary Chris Wright will attend the Goldman Sachs Energy, Clean Tech & Utilities Conference in Miami that executives from Chevron, ConocoPhillips and other companies are set to attend.

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.

Among the Dow Jones Transportation Average's best performers in 2025 were C.H. Robinson Worldwide, surging 56%, as investors fawned over its use of artificial intelligence to cut costs. 

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.

Port officials see the latest numbers as a sign of a stabilizing market and resilient demand for California’s agricultural goods in light of President Trump's tariffs.