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As crude prices continue to get dragged down by a global glut that shows no signs of abating, oil traders may find some profit by going to sea.

Royal Dutch Shell, the world’s second-biggest oil company by market value, thinks demand for oil could peak in as little as five years.

Joining a growing list of cities in California, San Diego announced Oct. 27 that its municipal vehicle fleet will become the largest in the nation to embrace renewable diesel — from street sweepers to refuse packers to fire trucks.

The U.S. average retail price of diesel rose 0.1 cent to $2.479 a gallon, according to the Department of Energy, as crude prices continued their weeklong retreat below $50.

Nationwide crude stockpiles fell 553,000 barrels in mid-October, according to the Energy Information Administration.

A rule aimed at reducing carbon dioxide and other greenhouse gas emissions from heavy- and medium-duty trucks will take effect in two months, federal regulators announced Oct. 25.

The U.S. average retail price of diesel dipped 0.3 cent to $2.478 a gallon, according to the Department of Energy.

Just six days after New Jersey Gov. Chris Christie signed the compromise gas-tax legislation into law, two of his fellow Republicans introduced a bill on Oct. 20 to repeal it.

Shell Chemicals Co. will operate a laydown yard in Aliquippa, Pennsylvania, to store materials for the construction of its ethane cracker plant, but two local officials are concerned about the route those trucks could take to get to the facility.

Houston-based investment firm EIV Capital has invested $20 million in Gazelle Transportation, a company based in Bakersfield, California, that provides crude oil transportation, water and waste hauling and portable storage tank rentals primarily within California.