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Global oil markets are poised to swing from a deficit to a surplus next quarter should OPEC+ proceed with plans to boost supplies, data from the International Energy Agency showed.

WASHINGTON — Wholesale price increases eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates.

The national average diesel price dropped 5.1 cents to $3.704 per gallon, according to Energy Information Administration data released Aug. 12.  

A Marathon Oil Corp. shareholder sued to block its proposed acquisition by ConocoPhillips, claiming the $17 billion deal “significantly undervalues” the target company.

Commerce Secretary Gina Raimondo recently announced the award as part of $6.9 million in economic development grants to Texas for workforce training and port improvements.

In the two years since President Biden signed the measure into law, the Commerce Department indicated it has announced more than $30 billion in private sector investments across 15 states.

BALTIMORE — Engineering studies commissioned by the state of Maryland in the early 2000s considered the possibility of a “ship impact” at the Francis Scott Key Bridge.

Some of the top U.S. oil refiners are throttling back operations at their facilities this quarter, adding to concerns that a global glut of crude is forming.

The Texas Department of Transportation has replaced a pair of rest areas near Van Horn on I-10 that boast two of its largest commercial vehicle parking areas to accommodate 116 trucks.

The Biden administration is nearly finished dividing up $39 billion in grants under the CHIPS and Science Act, the landmark legislation aimed at revitalizing the semiconductor industry.