U.S.
Global diesel prices spike as U.S. hits Russia with new sanctions
Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia's oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data.
Toyota unit Hino Motors reaches $1.6-B U.S. diesel emissions settlement
Toyota Motor unit Hino Motors has agreed a $1.6-B settlement with U.S. agencies and will plead guilty over excess diesel engine emissions in more than 105,000 U.S. vehicles.
Update: Colonial Pipeline's main U.S. gasoline artery likely shut until Friday
Colonial Pipeline's main U.S. gasoline artery is expected to remain shut through Friday as the company continues to search for the source of a suspected leak in Paulding County, Georgia.
EIA: U.S. crude stocks fall, gasoline and distillate inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.
South Korea considering buying more U.S. oil and gas
South Korea is interested in importing more U.S. oil and gas to diversify energy sources and ensure stable supplies given tensions in the Middle East.
California (U.S.) withdraws clean truck EPA waiver request ahead of Trump inauguration
California said on Tuesday it has withdrawn its request for a federal waiver to require commercial truckers to transition to zero-emissions vehicles, preempting an expected denial from the incoming administration of President-elect Donald Trump.
Colonial Pipeline shuts main gasoline artery after potential gasoline spill
Colonial Pipeline, the largest U.S. fuel pipeline operator, said on Tuesday that the main artery moving gasoline from the U.S. Gulf Coast to the East Coast has been shut since Monday night due to a potential spill in Paulding County, Georgia.
U.S. issues partial guidance on clean fuel subsidies, chafing ethanol makers
The U.S. government has released short-term guidance on how companies can secure clean fuel tax credits under the Inflation Reduction Act, but fell short of finalizing the program's key details.
New York City lawsuit against Exxon, bp, Shell over climate change dismissed
A judge has dismissed New York City's lawsuit seeking to hold ExxonMobil, bp and Shell liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change.
Bayer acquires camelina assets from Smart Earth Camelina to advance biofuels
Bayer has signed a deal with Canada-based Smart Earth Camelina Corp., whereby Bayer has acquired the company’s camelina germplasm, intellectual property and materials to expand its global leadership position in biomass-based feedstock markets.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
