Crude oil rose above $98 a barrel for the first time Wednesday as the dollar slid to a record low and analysts forecast U.S. stockpiles declined for a third week, Bloomberg reported.
November 7, 2007BusinessSafetyFuel
SoCal Ports Set Plan to Ban Older Trucks
The Port of Long Beach said it is joining the Port of Los Angeles in setting a plan to bar older trucks from operating at the port, and approved a tariff structure that will gradually limit access to all but the cleanest vehicles.
November 6, 2007GovernmentBusinessSafetyFuel
Diesel Soars 14.6垄 to Record $3.303; Gas Jumps Over $3
Diesel fuel jumped to a new all-time high Monday, rising 14.6 cents over last week鈥檚 record to $3.303 a gallon, the Department of Energy said.
November 6, 2007BusinessGovernmentSafetyFuelEquipment
Fleets to Face Engine Dilemma as Some Makers Avoid SCR
The decision by two major engine manufacturers, Cummins Inc. and Navistar International, to build 2010 heavy-duty diesel engines without selective catalytic reduction technology has upset truck sales forecasts for the 2009 and 2010 truck markets.
November 5, 2007BusinessLogisticsFuelGovernment
Diesel, Crude Oil Hit New Records
Retail diesel prices continued to climb last week, with the national average jumping 6.3 cents to $3.157 a gallon, matching the record set two years ago, according to the Department of Energy.
November 5, 2007BusinessGovernmentFuel
Oil Closes Week at Record $95.93 a Barrel
Crude oil futures jumped more than $2 Friday to a record $95.93 per-barrel closing price on the New York Mercantile Exchange, Bloomberg reported.
November 2, 2007BusinessFuel
Oil Continues to Soar; Tops $96 in Intraday Trading
Crude oil continued to soar, rising to more than $96 a barrel early Thursday, following Wednesday's Energy Department report that showed lower supplies, Bloomberg reported.
November 1, 2007FuelBusinessLogisticsGovernment
Diesel Rises 6.3垄 to Match Record $3.157
The national average price of diesel fuel rose 6.3 cents to $3.157 a gallon, matching the all-time record set two years ago, the Energy Department said Monday.
October 30, 2007BusinessFuelGovernmentSafety
Kitty Hawk Ceases Operations; Lays Off 500 Workers
Air cargo transporter Kitty Hawk Inc. said it and its subsidiaries will immediately cease all scheduled network air and ground operations, though will continue to operate air cargo charter operations.
October 30, 2007BusinessGovernmentFuel
OPEC Says Oil Will Not Reach $100 Soon
OPEC said current record crude oil prices do not reflect the group鈥檚 objectives and that oil is not likely to reach $100 a barrel soon, Bloomberg reported Tuesday.
October 30, 2007