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OPEC+ Shifts to Virtual Meeting as Oil Futures Slide

It鈥檚 the third time in a row that the group led by Saudi Arabia and Russia has turned a gathering scheduled for its Vienna headquarters into a virtual session.

November 25, 2024

Automakers Urge Trump to Ease Fuel Efficiency Rules

An auto trade group asked U.S. President-elect Donald Trump to ease requirements on making vehicles more fuel efficient and to protect the industry from 鈥渦nfair鈥 practices by China.

November 21, 2024

Phillips 66 Indicted for Alleged Toxic Sewer Discharges

The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease.

November 21, 2024

Biofuel Groups Ask Congress to Extend Expiring Tax Credit

Soybean farmers in seven states are asking Congress to extend current biodiesel and renewable diesel tax credits due to a lack of clarity on a set of new rules ready to take effect in January.

November 21, 2024

Europe, US Push for Oil Funding Curbs Deal to Outlast Trump

The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects before Donald Trump moves into the White House.

November 20, 2024

EV Demand Could Drop 27% Without Tax Credit

Still, because EVs account for a small percentage of new car sales, removing the credit would have little impact on gasoline demand.

November 19, 2024

Kansas Hydrogen Hunt Seen Fueling New Energy Revolution

A new Gold Rush is taking shape on a quiet stretch of Kansas prairie. There, a clutch of startups backed by the likes of Bill Gates are searching below the surface for hydrogen.

November 19, 2024

Trump Targets Auto Mileage Rules He Blasted as 鈥楨V Mandate'

The incoming Trump administration is looking to slash fuel-efficiency requirements for new cars and light trucks as part of plans to unwind Biden policies he has blasted as an 鈥淓V mandate."

November 19, 2024

Florida Man Facing Federal Prison Time for Biofuel Fraud

A Florida man is facing up to five years in federal prison after pleading guilty to wire fraud and filing false claims after overstating biodiesel credits that were reported to the IRS and EPA.

November 19, 2024