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US Buys 2.8 Million Barrels of Oil for Strategic Reserve

The U.S. purchased 2.8 million barrels of crude for the nation’s emergency oil cache as it seeks to replenish depleted supplies.

March 28, 2024

Biden’s Biofuel Push Risks Dethroning Corn as King of Crops

American farmers will plant more corn than soybeans in 2024 — as they have in most years for over a century. But beyond that, a green diesel boom threatens to dethrone the king of all crops.

March 27, 2024

Diesel Price Nudges Up to $4.034 a Gallon

The national average diesel price edged up six-tenths of a cent to $4.034 a gallon in its second consecutive modest increase, according to Energy Information Administration data released March 25.

March 25, 2024

Exxon Presses Case for Hydrogen Tax Credit

Exxon Mobil pressed the case for hydrogen produced from natural gas to receive U.S. tax credits under the IRA after signing an accord to sell the fuel to Japan’s biggest power provider.

March 25, 2024

Exxon Confident Its Intent With Guyana Contract Will Prevail

Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.

March 22, 2024

EPA Tweaks Emissions Rules Proposed for Cars, Light Trucks

The Biden administration on March 20 announced new emissions standards for automobiles and light- and medium-duty pickup trucks.

March 20, 2024

Stellantis Agrees to California EV Rules It Long Opposed

Stellantis NV has agreed to strict rules to boost electric cars set by California and adopted by several other U.S. states that the carmaker has previously blasted.

March 19, 2024

Electrifying Trucking: $1 Trillion Needed for Infrastructure

The trucking industry transitioning to full electrification would require nearly $1 trillion in infrastructure investments, a new study revealed March 19.

March 19, 2024

Biden Drops Mileage Score for EVs in Bid to Spur Sales

The Biden administration is setting a new estimate of the fuel efficiency of electric vehicles meant to better reflect the real world and further drive sales of emission-free cars.

March 19, 2024

Diesel Price Bumps Up 2.4¢ to $4.028 a Gallon

The national average diesel price gained 2.4 cents, the first increase in the past four weeks, to settle at $4.028 a gallon, according to EIA data released March 18.

March 18, 2024