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Exxon’s claim of right-of-first-refusal to Hess’ 30% stake in Guyana’s Stabroek block is “baseless” and “without merit,” CEO John Hess said at a Goldman Sachs Group Inc. conference Jan. 7.

The Japanese carmaker displayed the near-production models of its 0 Series sedan and mid-size SUV at the Consumer Electronics Show in Las Vegas on Jan. 7.

Several makes and models of Ford trucks have been recalled over possibly a defective fuel pump that can cause a loss of power and increase the risk of a crash.

The U.S. Department of Transportation awarded California $122.9 million to build zero-emission vehicle charging and fueling infrastructure for electric vehicles, including heavy trucks.

A swath of icy weather and snow that hit multiple states beginning Jan. 4 resulted in emergency hours-of-service waivers for truckers delivering heating fuel in several states.

Diesel prices rose significantly in the first reporting period of the new year, climbing 5.8 cents to reach a national average of $3.561 a gallon, according to EIA data released Jan. 6.

WASHINGTON — President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, an effort to block action by the incoming administration to expand offshore drilling.

Stellantis NV and Volkswagen AG shares declined as some of their plug-in cars lost access to U.S. tax credits under tougher rules that took effect this week.

The tax credit created by President Joe Biden’s signature climate law now includes a carve-out that will benefit some existing nuclear power plants.

The Cybertruck qualifies for up to $7,500 in U.S. tax credits for the first time in 2025, part of reshuffling under tougher rules that took effect Jan. 1 that also disqualify other EVs for subsidies.