Fuel

BP Plc agreed to sell its entire business in Alaska to closely held Hilcorp Energy Co. for $5.6 billion, ending a six-decade presence in the state as oil production there declines.

Cummins Inc. on Aug. 27 announced a multiyear partnership with the University of California-San Diego and its battery validation lab.

The U.S. Department of Energy announced it is devoting $59 million to 43 projects that will explore advanced vehicle technology research.

Oil rose after four days of losses as President Donald Trump gave mixed signals on resolving the U.S.-China trade dispute.

The U.S. average retail price of diesel dropped 1.1 cents to $2.983 per gallon, the Department of Energy reported Aug. 26, and the price of crude dropped to a two-week low amid the persistent tariff-related faceoff between the United States and China.

Nikola Motor Co. announced it has been awarded a $1.7 million grant by the U.S. Department of Energy to advance research into fuel cell membrane electrode assembly.

For the first time in 27 years, anyone fueling up at a gas station in Alabama soon will fork out more money in taxes that will go directly to the state.

Traffic across the country continues to worsen as the economy remains strong, according to the Texas A&M Transportation Institute’s recently released 2019 Urban Mobility Report.

TEHRAN, Iran — Iran on Aug. 26 announced that the 2.1 million barrels of crude aboard an Iranian oil tanker pursued by the United States have been sold to an unnamed buyer as the ship, at the center of a crisis roiling the region, continued its voyage in the Mediterranean Sea.

President Donald Trump, seeking to tamp down political fallout in U.S. farm states essential to his re-election, has ordered federal agencies to shift course on relieving some oil refineries of requirements to use biofuel such as corn-based ethanol.