Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they’ll probably find even less, spurring new fears about their ability to meet future demand.
August 30, 2016Business, Fuel
Oil Discoveries at 70-Year Low Signal Supply Shortfall Ahead
Business, Fuel
Diesel Average Rises 3.9¢ to $2.409, 10.5¢ Cheaper Than Year Ago
The U.S. diesel average price rose 3.9 cents to $2.409 per gallon last week, according to the Department of Energy, as the price of crude hovered near $47 amid speculation the glut of oil could be easing.
August 29, 2016Business, Fuel
Chevron Unveils Lineup of New CK-4, FA-4 Oils
Chevron Products Co., a division of Chevron U.S.A. Inc., has introduced its new line of Delo 400 API CK-4 and FA-4 heavy duty motor oils coming Dec. 1.Â
August 29, 2016Business, Fuel
Diesel Increases 6¢ to $2.370; Gasoline Rises 4.4¢ to $2.193
The U.S. diesel average price rose 6 cents to $2.370 per gallon last week, the Department of Energy reported, as demand for the fuel rose.
August 29, 2016Business, Fuel
Study Finds Continued Savings for 17 Fleets Through Use of Fuel-Efficient Technologies
Seventeen trucking fleets realized a 3% increase in fuel savings in 2015, equally about a half-billion dollars, compared with the national average by adopting fuel-efficient technologies, according to a new report from the North American Council for Freight Efficiency.
August 29, 2016Business, Equipment, Logistics, Fuel
Exxon to Introduce New Engine Oils on Website
ExxonMobil said it will introduce the new product line and details of its Mobil Delvac-branded CK-4 and FA-4 commercial vehicle engine oils on its website, mobildelvac.com on Sept. 20.
August 26, 2016Business, Fuel
Trains, Trucks and Two Tankers Involved in Perhaps Most Logistically Complex US Oil Trade Yet
Mercuria Energy Group has engineered perhaps the most logistically complex trade yet to export U.S. oil since a four-decade ban on sales was lifted.
August 25, 2016Business, Fuel
Oil Extends Decline After Unexpected US Crude Stockpile Gain
Oil extended its decline after a government report showed that U.S. crude stockpiles unexpectedly rose last week.
August 24, 2016Government, Fuel
Senate Transportation Leaders Clash Over Highway Administration Greenhouse-Gas Proposal
The leaders of the transportation committee in the Senate are at odds over a Federal Highway Administration proposal that would measure the value of state and municipal transportation projects by their greenhouse-gas emissions.
August 23, 2016Government, Business, Fuel
Connecticut Diesel Taxes Drop 8.6¢ Per-Gallon
Thanks to a statutory formula based on wholesale fuel prices in the state each July, diesel taxes have taken a tumble in Connecticut.
August 22, 2016