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China Shipowners Stop Hauling Iranian Oil as US Sanctions Near

China’s shipowners are shunning Iran’s oil, while the OPEC producer is using its own tankers to supply top customers as impending U.S. sanctions threaten to disrupt global crude trade.

August 21, 2018

BYD, Penske Join Task Force to Shape Charging Infrastructure

BYD America and Penske Truck Leasing separately announced they recently joined CharIN, a Berlin-based alliance that is leading a global effort to standardize electric-vehicle charging infrastructure.

August 20, 2018

GulfMark Energy to Expand Oil Hauling Fleet With Red River Acquisition

Adams Resources & Energy Inc., the Houston-based corporate parent of oil marketing firm GulfMark Energy and petroleum and chemical hauler Service Transport Co., has agreed to acquire Red River Vehicle Holdings, a crude oil transportation firm operating in Oklahoma and Texas, for approximately $10 million.

August 20, 2018

Beemac Trucking Wins Contract in Permian Basin

Eagle Pipe announced it has selected flatbed carrier Beemac Trucking and Logistics to handle all transportation and tubular management services for its new full-service Permian Basin stocking and trucking yard in Midland, Texas.

August 20, 2018

Judge Orders New Federal Review of Keystone XL Pipeline

LINCOLN, Neb. — A federal judge has ordered the U.S. State Department to conduct a more thorough review of the Keystone XL pipeline’s proposed pathway after Nebraska state regulators changed the route, raising the possibility of further delays to a project first proposed in 2008.

August 16, 2018

Former Pilot Flying J President Mark Hazelwood’s Sentencing Delayed

A federal judge has postponed the sentencing date for convicted former Pilot Flying J President Mark Hazelwood until Sept. 26.

August 16, 2018

EPA Challenged Administration’s Safety Projections From Mileage Freeze

WASHINGTON — The Environmental Protection Agency privately challenged the Trump administration’s rationale for freezing Obama-era mileage standards, saying the proposal actually would increase U.S. highway deaths.

August 15, 2018

US Retail Sales Rose at 0.5% Annual Rate in July

WASHINGTON — Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that confident consumers are helping drive robust economic growth.

August 15, 2018

Shipping-Fuel Rule Change Cuts Demand for Canadian Oil

New rules limiting the amount of sulfur allowed in shipping fuel is expected to cut demand for high-sulfur fuel oil and the sour crude that yields it. In Canada, that could extend — or worsen — the biggest price slump in nearly five years.

August 14, 2018

Trump Trade Spat Threatens US LNG Exporters

PetroChina, a unit of the state-owned China National Petroleum Corp., may suspend its buying of U.S. liquefied natural gas cargoes during the colder months, just as new American LNG terminals start up.

August 14, 2018