Fuel

U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting for over half of the gain.

The nationwide average price of diesel fuel was nearly flat the past week, according to U.S. Energy Information Administration data released July 13.

Oil retreated before an OPEC+ committee meeting this week that may confirm the group’s intention to taper production cuts even as the coronavirus surges in many countries, including the U.S.

Tesla Inc.’s relentless surge continued July 13 amid several upcoming events that include the possible unveiling of new battery technology from the electric vehicle maker, entry into a lucrative new market and the potential inclusion of the stock into the prestigious S&P 500 Index.

Oil rebounded as a new virus treatment showed promising results, but rising COVID-19 cases continued to weigh on the market.

Chevron Corp. announced it is partnering with California natural gas retailer Clean Energy Fuels Corp. on Adopt-a-Port, an initiative that provides truck operators serving the ports of Los Angeles and Long Beach with carbon-negative renewable natural gas to reduce emissions.

Oil refineries aren’t being spared as COVID-19 sweeps through Texas, which is setting records for new infections and hospitalizations in the U.S. almost daily.

Volkswagen AG vehicle owners can sue the carmaker over diesel-emission manipulation anywhere in the European Union, the bloc’s top court said in its first ruling on the scandal.

Amazon.com Inc. will buy an aviation fuel blend made from used fats, oils and greases over the next 12 months as it searches for ways to reduce the greenhouse gas emissions of its growing air cargo operations.

Energy Transfer LP said it’s not making any moves to empty its Dakota Access oil pipeline after a judge July 6 ordered the conduit shut while a more robust environmental review is conducted.