Fuel

Across all areas of the economy, shippers are facing increasing pressure to make their operations more sustainable and to meet environmental, sustainability and governance targets.

OPEC maintained forecasts for strengthening oil demand in the second half of the year, as the group and its allies prepare to revive some halted supplies.

The national average diesel price keeps dropping, decreasing 6.8 cents a gallon to $3.658, according to Energy Information Administration data released June 10.

Noble Corp., the world’s biggest offshore oil rig contractor by market value, agreed to buy its smaller rival Diamond Offshore Drilling Inc. in a deal valued at $1.6 billion.

Drilling in the U.S. shale patch dropped to the lowest level in almost 2½ years as operators vow to make good on promises to investors for subdued production growth this year.

WASHINGTON — New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules.

FRANKFORT, Ky. — EVs have built up enough momentum from job growth and investments to steer past any roadblocks from Donald Trump and other critics, Kentucky Gov. Andy Beshear said.

GENEVA — U.N. Secretary-General António Guterres called June 5 for a “windfall” tax on profits of fossil fuel companies to help pay for the fight against global warming.

Alabama is leading a 19-state coalition suing California and four other states in the U.S. Supreme Court over state legal fights against energy companies.

Industrial gas giant Air Products plans to build a network of commercial-scale, multimodal hydrogen refueling stations stretching from Northern California to Southern California.