OPEC Said to Work on Oil Deal to Restore Unity
OPEC is making a last-ditch effort to rescue an organization many dubbed dead only weeks ago by working on a deal to restore unity among some of the world’s largest oil exporters as ministers gathered in Vienna.
May 31, 2016Diesel Average Rises 6¢ to $2.357
As crude oil prices continued to advance, the U.S. retail average price of diesel and gasoline rose with it, both jumping about 6 cents per gallon.
May 30, 2016Forward Air CFO Rodney Bell to Retire, XPO’s Michael Morris to Take Post
Forward Air Corp. announced that Chief Financial Officer Rodney Bell will retire on June 27 and that Michael Morris, an XPO Logistics executive, will replace Bell in the post.
May 29, 2016Oil Eases Gains After Exceeding $50 for First Time This Year
Crude prices in New York and London briefly breached the long-anticipated $50-a-barrel barrier May 26, with West Texas Intermediate touching as high as $50.21 before paring gains and closing at $49.48 on the New York Mercantile Exchange.
May 26, 2016EPA Proposes Increase in Biodiesel for 2018
The Environmental Protection Agency wants U.S. fuel distributors to move 2.1 billion gallons of biodiesel in 2018 as part of the continuing increase in the nation’s renewable fuel standard, the agency said.
May 24, 2016Minnesota Becomes Seventh State to Fail to Pass Fuel-Tax Hike
Minnesota became the seventh state to fail to pass a fuel-tax increase this year as its legislative session ended at midnight May 22 with no agreement on a long-awaited major transportation funding package despite the state’s $900 million budget surplus.
May 23, 2016Modest Biofuel Quota for 2017 Blasted by Producers
The Obama administration tried to strike a cautious compromise May 18 in setting quotas for a controversial renewable fuels program that pits Big Oil against Corn Belt interests.
May 19, 2016Diesel Rises 2.6¢ to $2.297; Price Is Highest for 2016
The U.S. retail diesel average rose 2.6 cents to $2.297 the highest price this year, the Department of Energy said May 16.
May 16, 2016Volvo: Too Tough GHG Rule May Scare Off Truck Buyers
DUBLIN, Va. — Volvo Trucks North America is laboring diligently to persuade federal and state regulators to ramp up standards on greenhouse-gas emissions in an orderly fashion so as not to scare off fleets from buying more fuel-efficient trucks that will be produced to comply with the Phase 2 rule expected later this year.
May 16, 2016Volvo Trucks Lobbying for Smooth Transition to Stricter Greenhouse-Gas Standards
DUBLIN, Va. — Volvo Trucks North America is laboring diligently to persuade federal and state regulators to ramp up standards on greenhouse-gas emissions in an orderly fashion so as not to scare off fleets from buying more fuel-efficient trucks that will be produced to comply with the Phase 2 rule expected later this year.
May 12, 2016