Ceva Secures EGL Financing
The private-equity parent company of Ceva Group has received a commitment of $2.95 billion in debt financing to fund the buyout of air freight forwarder EGL Inc., Bloomberg reported Tuesday.
June 6, 2007Fuel Inventories Rise for Week
Inventories of crude oil, gasoline and distillate fuel all rose last week, and oil prices receded slightly in early trading Wednesday, Bloomberg reported.
June 6, 2007Diesel Dips 1.8¢ to $2.799; Gas Falls 5.2¢ to $3.157
Diesel fuel’s national average retail price fell 1.8 cents to $2.799 a gallon, while gasoline dropped more than a nickel to $3.157, the Department of Energy reported Monday.
June 5, 2007Portland Sets Biodiesel Mandate, to Begin July 1
CTA Opposes SoCal Port Plan
The California Trucking Association opposes regulations that would allow only newer, lower-emission trucks access to marine terminals, the Fresno Bee newspaper reported.
June 4, 2007Diesel Climbs 1.4¢ to $2.817
Diesel fuel’s national average pump price rose for a second straight week, gaining 1.4 cents to $2.817 a gallon, the Department of Energy said Monday.
May 30, 2007Feds Push Coal-Liquid Technologies
Federal officials and the coal industry are making a push for big subsidies to develop technologies to turn coal into liquid fuel, the New York Times reported Tuesday.
May 29, 2007Diesel Rises 3¢ to $2.803 a Gallon
Diesel fuel's national average price rose 3 cents to $2.803 a gallon last week, while retail gasoline spiked 11.5 cents to an all-time record of $3.218.
May 28, 2007Biofuels May Boost Gas Prices, N.Y. Times Says
Continued record high gasoline prices may become a trend, due in part to an expansion in biofuel development, according to some oil executives, the New York Times reported Thursday.
May 24, 2007Oil Climbs Despite Inventory Gains
Crude oil rose to near $66 a barrel Wednesday despite a Department of Energy report that showed fuel inventories rose last week, Bloomberg reported.
May 23, 2007