Oil Rises From Two-Week Low
Oil rose from a two-week low in early trading Monday on forecasts that U.S. fuel supplies are declining, Bloomberg reported.
March 7, 2012Diesel Rises Again, Gaining 4.3¢ to $4.094
Diesel rose for the eighth week in the past nine, gaining 4.3 cents to $4.094, its highest price in 10 months, while gasoline jumped again, the Department of Energy said.
March 6, 2012One Leg of Keystone Pipeline to Be Built
Trans Canada said it plans to build the portion of the Keystone XL Pipeline that would run from Cushing, Okla., to Texas refineries as a stand-alone project that could be completed next year.
March 5, 2012Oil Trades Near Four-Day Low
Oil fell to near a three-day low in early trading Monday after a report on projected lower demand in China, Bloomberg reported.
March 5, 2012Editorial: Oil Patch Blues
The news from the oil patch just keeps getting worse and worse. As if $4-a-gallon diesel isn’t bad enough for the trucking industry, now comes a warning from the federal government that ultra-low-sulfur diesel may soon become scarcer and even more expensive in the Northeast because of a string of refinery closings.
March 5, 2012ULSD Supply Woes Loom
Truckers in the Northeast soon could find ultra-low-sulfur-diesel fuel in short supply and more expensive if Sunoco Inc. proceeds with its plan to close its Philadelphia refinery in July, the U.S. Energy Information Administration warned last month.
March 5, 2012Diesel Average Rises Above $4; Price Is Highest Since Mid-May
U.S. diesel prices surged last week, crossing the important psychological $4-a-gallon threshold and reaching their highest level since May 16, according to the Department of Energy.
March 5, 2012Oil Falls for First Time in Three Days
Oil fell in early trading Friday after rising for the past two days and closing Thursday near a 10-month high, Bloomberg reported.
March 2, 2012Diesel Supplies May Tighten in Northeast, DOE Says
Diesel supplies could be tight for a year or more in the Northeast because of refinery shutdowns and transportation constraints, according to a Department of Energy report released this week.
March 1, 2012Diesel Jumps 9.1¢, Vaults Past $4 a Gallon
Diesel jumped 9.1 cents to $4.051 a gallon, the first time it has topped $4 since November and the highest price since May, the Department of Energy said.
February 28, 2012