The FTC plans to delay its decision whether to block Chevron.’s $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg reports.
July 11, 2024Search
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Global Oil Demand Growth Slows Further as China Cools
Global oil demand growth slowed to its weakest in more than a year last quarter as the post-pandemic rebound in China fades, the International Energy Agency said.
July 11, 2024Vitol, SK Settle California Fuel Rigging Probe for $50M
California Attorney General Rob Bonta said the state reached a settlement with Vitol and SK Energy Americas after it alleged the firms acted together to manipulate local gasoline markets.
July 10, 2024OPEC Data Shows Oil-Cut Laggards Still Exceeding Limits
Key OPEC+ nations Iraq, Kazakhstan and Russia continue to pump above output limits intended to shore up global oil prices, the group’s data showed.
July 10, 2024Hexagon Agility and Brudeli Green Mobility to Deliver NZEVs
LAS VEGAS — Hexagon Agility and Brudeli announced a collaboration and unveiled the Brudeli Powerhybrid, the first near-zero-emission vehicle that complies with California’s ACT and ACF rules.
July 12, 2024Diesel Price Rises 5.2¢ to $3.865
The national average diesel price rose 5.2 cents to $3.865 in its fourth consecutive increase, according to Energy Information Administration data released July 8.
July 8, 2024Devon to Buy Williston Basin Oil Assets in $5 Billion Deal
Devon Energy Corp. agreed to acquire the Williston Basin business of Grayson Mill Energy for $5 billion as consolidation continues in the U.S. oil patch.
July 8, 2024Diesel Price Increases 4.4¢ in Third Consecutive Climb
The national average diesel price jumped for the third straight week, this time leaping 4.4 cents to $3.813 a gallon, according to Energy Information Administration data released July 1.
July 1, 2024Amtrak Used 2 Million Gallons of Renewable Diesel in FY2023
Switching to renewable diesel has enabled Amtrak to replace about 2 million gallons of fossil fuel during the past fiscal year and move closer to its goal of achieving zero emissions.
July 1, 2024Trucking’s Clean Power Transition Hinges on Infrastructure
LAS VEGAS — Wider adoption of low- and zero-emission commercial trucks will depend on the development of new fueling and charging infrastructure, energy leaders said.
June 28, 2024