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, 2016Search
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Clean Diesel Technologies Converts Indebtedness to Shares of Stock
Heavy-duty supplier Clean Diesel Technologies Inc. said it has converted about $8.9 million in total indebtedness into shares of CDTI’s common stock.
September 2, 2016Chevron 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, 2016Diesel 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, 2016Study 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, 2016Diesel 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, 2016Exxon 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, 2016Trains, 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, 2016Oil 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, 2016In New York, Natural Gas Growing Slowly as Alternative Fuel for Trucks
Running a truck with natural gas instead of diesel cuts down on cost, noise and exhaust emissions. But those benefits come with a big caveat: There are only a few dozen places in New York state that the public can fuel up with natural gas.
August 22, 2016