Energy Industry

Strength, then oversupply? Parsing the latest EIA oil forecast

The Energy Information Administration’s (EIA) new short-term energy forecast confirms strong demand for 2025 but notes that the balance of supply and demand will shift toward oversupply in the back half of the year and 2026.

“We expect downward oil price pressures over much of the next two years, as we expect that global oil production will grow more than global oil demand,” the EIA wrote.” We forecast that the Brent crude oil price will average $74 per barrel (b) in 2025, 8% less than in 2024,...

https://www.freightwaves.com/news/strength-then-oversupply-parsing-the-latest-eia-oil-forecast

Can Karno technology generate a buyer for Hyliion?

Unwinding the powertrain business at Hyliion Holdings was uncomfortable, especially for 175 employees who lost their jobs in November. But the leaned-out startup is making some progress in its pivot to energy distribution through a fuel-agnostic power generator.

Whether the plan is sufficient to generate revenue and perhaps attract a buyer for the once high-flying special purpose acquisition company are the big unknowns.

The Karno generator, which Hyliion purchased from GE in August 2022 for its...

https://www.freightwaves.com/news/can-karno-technology-generate-a-buyer-for-hyliion

Is TuSimple’s patent promo intended to find a buyer?

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In a video and blog post on LinkedIn, a media pitch and in overdue federal filings, TuSimple...

https://www.freightwaves.com/news/is-tusimples-patent-promo-intended-to-find-a-buyer

Alaskan trucking fleets promise $150K driver salaries amid drilling boom

As more drilling and mining projects are approved in Alaska, local trucking fleets are planning to hire drivers around the United States to haul equipment, chemicals and other loads — particularly on its fearsome Dalton Highway, a remote, 414-mile road that connects Fairbanks to oil fields near the Arctic Ocean.

The developments, particularly ConocoPhillips Alaska’s Willow project, have been controversial as they may mar some of Earth’s most remote land. However, for the residents of the United...

https://www.freightwaves.com/news/alaskan-trucking-fleets-promise-150k-driver-salaries-amid-drilling-boom