Diesel Hits $3.30 a Gallon After 1.3¢ Climb
The national average price of diesel increased for the ninth consecutive week June 28 when it climbed 1.3 cents to reach $3.30 a gallon, the Energy Information Administration reported.
June 28, 2021Baker Hughes Takes a Stake in Synthetic Natural Gas Startup
Baker Hughes is taking a 15% stake in a startup that aims to produce natural gas from hydrogen and carbon dioxide, the oil field service company’s latest move to invest in technology designed to capture emissions.
June 28, 2021Tesla Dealt Big Blow as Almost All Cars in China Need Safety Fix
Tesla Inc.’s aspirations in China were dealt a major blow over the weekend after the government ordered that almost all the cars it has sold in the nation — more than 285,000 of them — be fixed to address a safety issue.
June 28, 20217-Eleven Ordered to Sell 293 Speedway Stores
7-Eleven Inc. was ordered by U.S. antitrust regulators to sell 293 gas-station retail stores acquired earlier this year as part of its $21 billion purchase of Marathon Petroleum Corp.’s Speedway business.
June 25, 2021Congress Reinstates Obama Methane Rule for Oil, Gas Wells
The House voted June 25 to rescind a Trump-era rule blocking the Environmental Protection Agency from directly limiting oil industry emissions of the powerful greenhouse gas methane, a move that would restore requirements imposed by the Obama administration while freeing the agency to craft new more stringent rules for the oil and gas industry.
June 25, 2021Oil Refiners Win at Supreme Court With Easier Waivers on Biofuel
The Environmental Protection Agency has wide latitude to exempt refineries from federal mandates that they mix renewable fuels into gasoline and diesel, the U.S. Supreme Court ruled June 25, a victory for oil companies seeking a break from the requirements.
June 25, 2021Key US Oil Storage Hub Seen Depleting as Producers Hold Tight
Crude oil inventories in America’s largest storage hub are falling fast as the post-pandemic demand rebound continues to outpace production.
June 24, 2021Biden, Key Lawmakers Agree on Bipartisan Infrastructure Deal
President Joe Biden announced on June 24 that “we have a deal,” signaling a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle.
June 24, 2021Infrastructure Deal Closer With Biden, Senators Meeting June 24
President Joe Biden and a group of bipartisan senators are close to agreement on a $559 billion infrastructure plan that would fulfill one of his top priorities, according to lawmakers and officials familiar with the discussions.
June 24, 2021Proterra Eyes US Battery-Cell Facility Within Next Few Years
Proterra Inc., the electric-bus and battery maker that joined the Nasdaq Global Select Market, is planning a domestic battery-cell manufacturing facility within the next few years.
June 23, 2021