Nine weeks of relief have been put to an end.
Diesel prices are surging - again - rising 20.6 cents in a week and putting the national average over $5. This average, reported by the Energy Information Administration, is also late due to what is being classified as “technical difficulties.”
Imagine it's 2024 and the U.S. is on the brink of a modern-day gold rush, but this time, it's all about a new, clean energy source buried right beneath us—geologic hydrogen.
Several states in the U.S., including California, Maryland, Massachusetts, New Jersey, New York, Oregon, Washington, and Rhode Island, plan to ban the sale of new gas-powered cars by 2035.
The world's top oil forecasters, OPEC and the International Energy Agency (IEA), are at odds over future oil demand, creating uncertainty for traders and investors.
In the dynamic landscape of transitioning to cleaner energy sources, the latest clean energy report from BloombergNEF and the Business Council for Sustainable Energy reveals a surprising trend: U.S. coal-fired power plants are closing their doors at a swifter pace than previously anticipated.
Hydrogen - the lightest element - is being touted as a promising clean fuel for the future, particularly in the automotive industry.
Ammonia has emerged as a potential marine fuel in the quest for decarbonization, but a study from Chalmers University of Technology in Sweden reveals that this alternative may create new environmental challenges.
Cybercriminals are giving carriers a run for their money by targeting truckers with fuel card skimming scams, making legitimate fuel expenses a tricky battle.
The Biden administration has hit the pause button on a critical decision regarding the approval of the largest natural gas export terminal in the United States.
IMC, the leading US container transportation company, has placed an order for 50 Nikola fuel-cell trucks to replace its battery-electric vehicles following unsatisfactory results from two years of testing.
Recent sub-zero temperatures across the United States have caused gas wells to freeze, resulting in an 11-month low in gas production, according to Reuters.
In a move that challenges California's emissions regulations, Ohio is set to enact a law in March that prohibits state agencies from adopting California's vehicle emissions standards.
There is a new company on the block called Airloom Energy, a wind energy startup supported by Bill Gates.
Russia is aiming to increase its share of the liquefied natural gas (LNG) market to 20% by 2030, but its plans face challenges due to sanctions and a shortage of ice-class LNG tankers.
The recent U.N. agreement among nearly 200 countries to transition away from fossil fuels is being celebrated as a significant step in addressing climate change.
Government ministers from nearly 200 countries reached an agreement, known as the UAE Consensus, that calls for a transition away from fossil fuels.
Gas prices in the United States are dropping, with the national average at $3.137 per gallon, down 9 cents from the previous week and the lowest of the year.
The latest draft of the COP28 climate agreement has removed the call to phase out fossil fuels, replacing it with a broader call for countries to reduce planet-warming pollution.
Eight years after the Paris Agreement, the oil industry is thriving, with rising profits and record production levels, especially in the United States.
China Petroleum & Chemical Corporation (Sinopec) has achieved the first oil and gas flows from Asia's deepest onshore well, the Yuejin 3-3XC well in the Tarim Basin, Xinjiang Uygur autonomous region.
A recent federal report, the Fifth National Climate Assessment, warns that the impacts of rapid climate warming are being experienced across the United States and will worsen in the next decade if fossil fuel use continues.
A United Nations-backed report reveals that major fossil fuel-producing countries, including the United States, Russia, and Saudi Arabia, are on course to produce twice the amount of fossil fuels that exceed critical global warming thresholds by the end of this decade.
Warren Buffett-backed Occidental Petroleum (OXY) is set to report its third-quarter earnings, with analysts expecting a more than 60% drop in quarterly profit.
Chevron's stock decline following an earnings miss has reduced the value of its all-stock acquisition offer for Hess Corp. by approximately $6.5 billion.
Chevron and Exxon are making significant acquisitions in the oil and gas industry despite growing global momentum toward clean energy.
Finnish investigators have identified the Chinese container ship NewNew Polar Bear as the likely cause of damage to the BalticConnector gas pipeline between Finland and Estonia.
Gasoline prices in California have surged to an average of $6.08 per gallon, up 15% from a month ago, largely due to a spike in crude oil costs and refinery output disruptions.
Russia continues to depend on European shipping to transport its oil, even as its supplies exceed the price caps set by the Group of Seven (G-7) and its allies, according to the Centre for Research on Energy and Clean Air (CREA) based in Helsinki.
A growing number of ships are manipulating their reported locations for illicit activities, potentially involving goods worth billions of dollars.
Rising oil prices are impacting consumers, complicating the global fight against inflation, and contributing to Russia's war chest.
Oil prices fluctuated within a tight range on Friday, as investors weighed mixed signals from the world's top oil consumers, China and the U.S. Brent crude slipped 13 cents to $83.75 per barrel, while West Texas Intermediate (WTI) fell 4 cents to $79.22.