Share story
Infrastructure

Diesel squeeze raises costs for freight and construction

Global diesel supply is tightening as disruptions in the Middle East, Russian export restrictions and subdued Chinese refinery activity reduce available refined products, Axios reported. The International Energy Agency said diesel exports from Russia, the Middle East and Asia in July were 1.3 million barrels a day below a year earlier, equivalent to about 20% of global seaborne trade. AAA data cited by Axios put the average U.S. diesel price at $5.32 a gallon, up 44 cents in a month. S&P Global Energy said U.S. refineries were running at 96% of capacity.
Sources
Axios
In this story
China
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Axios and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital AI
Capital AI

Nevis raises $70M with Schwab joining wealth software investors

Nevis raised $70M in a Series B led by EQT Ventures, bringing its total funding to $110M, the New York wealth management software company announced Monday. Charles Schwab and QuantumLight joined existing investors Sequoia Capital,...

The Next Web
Robotics Capital
Robotics Capital

Bedrock Robotics raises $600M at a $4.1B valuation

Bedrock Robotics raised a $600M Series C at a $4.1B valuation, Bloomberg reported. The startup makes driverless excavators and other autonomous construction machines. The financing adds capital to a company developing autonomous ...

Techmeme
Capital
Capital

Matiks raises $10 million to expand puzzle games and game creation

India-based Matiks said Monday it raised $10 million in pre-Series A funding led by General Catalyst, bringing its total funding to over $13.5 million. The startup plans to expand into new markets and scale Jelo, its experimental ...

TechCrunch
AI Products
AI Products

AWS makes GPT-6.1 Terra generally available on Bedrock

AWS announced general availability of OpenAI's GPT-6.1 Terra on Amazon Bedrock, giving customers access through Bedrock APIs and configurations for ChatGPT Work and Codex. The model accepts text and images and supports up to 1 mil...

Recent Announcements
AI
AI

OpenAI releases GPT-6.1 Terra at $1 per million input tokens

OpenAI has released GPT-6.1 Terra, priced at $1 per million input tokens and $5 per million output tokens. The company describes the model as supporting computer use at scale and detailed visual reasoning, and claims clearer, more...

Techmeme