°®¶¹´«Ã½

The oil giant will nearly double the amount of fuel it will buy from an export plant Sempra is expanding in Texas.

Shipments are expected to surpass 4 million barrels a day in August and September, reaching levels not seen since the start of the year, according to some market participants.

EPA could rule as soon as this week on dozens of pending petitions from small oil refineries seeking exemptions from ethanol- and biodiesel-blending obligations from recent years.

Chevron is cutting about 650 Hess jobs after completing its $53 billion takeover last month, but exploration is one area likely to be spared.

The California Air Resources Board and five other agencies recommended the state backfill the $7,500 federal tax credit for electric vehicles that is set to expire in late September.

Colorado and Virginia recently hiked road use fees, while Hawaii, Georgia, Rhode Island and New Jersey are raising usage fees on EVs.

Venture Global on Aug. 12 said it won arbitration proceeding with Shell related to the timing of contractual shipments from the Calcasieu Pass plant.

The CPChem cuts primarily involve corporate roles including information technology, supply chain management and logistics rather than chemical plants, according to people familiar with the matter.

Venture Global prevailed over Shell in an arbitration case about a contract dispute, capping a two-year fight between the oil giant and the liquefied natural gas exporter.

Chicago corn futures fell to the lowest level in nearly a year after the Department of Agriculture raised its already record-large outlook for the American harvest.