Oil rose by the most in six weeks Wednesday following a Department of Energy report that showed declines in crude stockpiles and a modest uptick in diesel demand, Bloomberg reported.
July 15, 2009Search
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CSX Profit Falls 20% in Second Quarter
Freight railroad CSX Corp. said its second-quarter profit fell 20% as fuel surcharges and shipments dropped.
July 14, 2009Producer Price Index Rises 1.8%
Prices paid to U.S. producers jumped 1.8% in June, led by higher fuel costs, the Labor Department said Tuesday.
July 14, 2009Retail Sales Rise 0.6% in June
Retail sales rose 0.6% in June, led by gains in automobile and fuel purchases, the Commerce Department said Tuesday.
July 14, 2009Gasoline Average Drops a Dime, Lundberg Reports
Gasoline prices fell 10 cents in the past two weeks to $2.56 per gallon, according to latest Lundberg Survey of fuel prices released Sunday.
July 13, 2009Navistar Says Final 2010 Engine Testing on Track
Navistar International Corp. said Monday that it is on track with final testing of its exhaust gas recirculation MaxxForce engines to meet 2010 emissions standards.
July 13, 2009Diesel Drops 5.2¢ to $2.542 in Third Straight Decline
Diesel fell for a third straight week, dropping 5.2 cents to $2.542 a gallon, the Department of Energy said.
July 14, 2009Navistar: EPA Conspired With SCR Engine Makers
Truck and engine manufacturer Navistar Inc. has accused the Environmental Protection Agency of attempting to remove documents from official records and allowing the Engine Manufacturers Association to write the draft of its selective catalytic reduction guidance document for 2010 “in secret collaboration with certain engine makers.â€
July 13, 2009Obama Cabinet Members Go to Senate
The Senate last week kicked off debate on an energy bill that includes a controversial cap-and-trade provision to limit carbon emissions, summoning four top Obama administration officials to testify before the committee that will craft the Senate version of climate change and energy policy legislation.
July 13, 2009EU Imposes Tariffs on U.S. Biodiesel Fuel
The European Union last week imposed tariffs on biodiesel imported from the United States to counter low prices it said were caused by subsidies, but a spokesman for the U.S. Trade Representative denied subsidies were the main reason for the growth of U.S. sales in Europe and that the United States would review the tariffs “closely.â€
July 13, 2009