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Diesel Average Price Falls 2.1¢ to $3.011 a Gallon

The U.S. average retail price of diesel continued to drop, falling 2.1 cents to $3.011 a gallon, the Department of Energy reported Aug. 12.

August 12, 2019

Russia, Iran, Others Debate How to Divide Caspian Oil Riches

TURKMENBASHI, Turkmenistan — Five countries bordering the energy-rich Caspian Sea met Aug. 12 at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region’s oil wealth.

August 12, 2019

Oil Jumps Most in Month as Saudi Action Outweighs Demand Worries

Oil surged the most in nearly a month as investors digested Saudi Arabia’s latest plan to help stabilize prices following a large dip earlier in the week that was fueled by demand concerns.

August 9, 2019

Experts to Dissect Industry Trends, Insights at ATA Economic Summit

Experts in the fields of manufacturing, logistics and the petroleum industry are scheduled to participate in American Trucking Associations’ economic summit in September.

August 9, 2019

Exxon Is Discouraging Witnesses in Climate Suit, N.Y. Says

New York accused Exxon Mobil Corp. of trying to discourage potential witnesses in a state lawsuit alleging the oil and gas company misled investors about the financial impact of climate change.

August 8, 2019

Trump’s Bid to Ease Auto Rules Would Hike Fuel Costs, Study Says

President Donald Trump’s plan to freeze U.S. vehicle efficiency standards would hike costs for motorists without doing anything to boost highway safety, according to an analysis by Consumer Reports that undermines the administration’s chief talking points in favor of the move.

August 7, 2019

Pipelines Add Room on ‘Unrelenting’ Demand for Canada’s Oil

U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them. Companies are adding space to their congested oil export pipelines from Canada even as plans for bigger expansions and new lines face delays.

August 2, 2019

EPA IG Finds Study Critical of Glider Emissions Was Properly Conducted

A U.S. Environmental Protection Agency’s Inspector General audit has given a 2017 agency study critical of glider truck emissions a clean bill of health.

August 1, 2019

Keystone XL Pipeline Inches Forward as Order Blocking Work Is Lifted

TC Energy Corp.’s $8 billion Keystone XL crude oil pipeline is inching forward after a court injunction that stopped work on the project was been lifted.

August 1, 2019