Crude Oil Pares Weekly Decline on Optimism Over Virus Treatment
Oil rebounded as a new virus treatment showed promising results, but rising COVID-19 cases continued to weigh on the market.
July 10, 2020Chevron, Clean Energy Partner on Adopt-a-Port Initiative to Reduce Emissions
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.
July 10, 2020Oil Refineries in Texas Grapple With COVID-19 Outbreaks
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.
July 10, 2020Volkswagen Risks Diesel Claims Across EU After Court Ruling
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.
July 9, 2020Amazon Aviation Fuel Deal Adds to Demand for Lower-Emissions Alternatives
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.
July 9, 2020Energy Transfer Says It Won’t Shut Dakota Access Despite Ruling
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.
July 8, 2020Oil’s Recovery Capped by Stubborn US Crude Glut, Dour Demand
Oil’s recent rally has hit a ceiling, with U.S. crude inventories holding near a record high and gasoline demand still at the weakest seasonal level in more than 20 years.
July 8, 2020Diesel Continues Slow, Steady Upward Climb
The national average retail price of diesel rose for the fifth consecutive week, up seven-tenths of a cent to $2.437 a gallon.
July 6, 2020Oil’s Rally Falters in US With Summer Demand Looking Bleak
U.S. crude futures reversed course with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery.
July 6, 2020Judge Orders Dakota Access Pipeline Shut Down Pending Review
A federal judge on July 6 sided with the Standing Rock Sioux Tribe and ordered the Dakota Access pipeline to shut down until more environmental review is done.
July 6, 2020