Saudi Arabia Raises Crude Oil Prices, Risking Demand Suppression
Saudi Arabia's state-owned oil company, Saudi Aramco, increased the prices of its crude oil in Europe, the Mediterranean, and Asia, contrary to expectations.
Truck Manufacturers Commit to Cease Sales of Gas-Powered Vehicles in California, Promoting Zero-Emission Trucks and Cleaner Air
Major truck manufacturers have made a commitment to cease the sale of new gas-powered vehicles in California by the mid-2030s.
Sheetz Celebrates Fourth of July with Gas Prices Dropping to $1.776 per Gallon
Sheetz, a convenience store chain, has attracted long lines of vehicles at select Pennsylvania locations as customers take advantage of their Fourth of July promotion, offering gas prices at $1.776 per gallon.
Diesel Price Hits New Low as Oil Market Declines
For the 20th time in 22 weeks, the benchmark price of diesel, commonly used for fuel surcharges, has decreased.
Fourth of July Gas Prices Plummet to Unprecedented Lows
As Americans gear up for the Fourth of July weekend, they can celebrate significantly lower gas prices compared to last year.
Diesel Fuel Taxes to Increase in Multiple States from July 1st
As the average price of diesel fuel shows a downward trend, several states in the US are preparing to make changes to their diesel fuel taxes, effective from July 1st.
ZIM Defies Transpacific Capacity Exodus as MSC Takes the Lead
Ocean carriers have reduced their capacity on the transpacific trade route by almost a quarter in the past year due to low freight rates.
Fossil Fuel Giants Embrace Natural Gas as Demand Surges, Challenging Green Transition
Major fossil fuel companies, including Shell and Chevron, are shifting their focus to natural gas as they anticipate increased demand in the coming decades.
States Consider Mileage-Based Charges as Fuel Taxes Decline
The adoption of mileage-based charges instead of traditional fuel taxes poses challenges as states seek to address the declining revenue from fuel taxes due to factors such as fuel efficiency and the rise of electric vehicles.
Hydrogen's Historical Significance Fades as its Future as a Fuel Gains Momentum
The perception of hydrogen as a highly flammable and dangerous fuel source is being challenged as the industry emphasizes its safe handling and storage practices.
Fuel Groups Urge EPA to Revise Greenhouse Gas Standards for Heavy-Duty Trucks
A group of diesel fuel industry stakeholders is urging the EPA to revise its greenhouse gas standards for heavy-duty trucks and adopt a market-oriented, technology-neutral approach to decarbonizing transportation.
OPEC data suggests that Saudi Arabia's decision to reduce oil output will tighten the oil market
Based on data from OPEC, Saudi Arabia's decision to cut oil production is expected to significantly tighten global markets in July 2023.
Conservative Consumers Embrace Electric Vehicles, Shunning Gas Guzzlers
Conservative buyers in Republican-leaning areas like Collin County, Texas, are increasingly drawn to electric vehicles for reasons beyond environmental concerns
OPEC+ partners urge for clarity; Russian crude exports remain at high levels
Russian crude oil exports continue at high levels with no significant evidence of output cuts, raising concerns among OPEC+ partners.
DHL is supporting Formula 1's commitment to achieving net zero carbon emissions
DHL and Formula 1 are partnering to enhance sustainable logistics by introducing a fleet of 18 biofuel-powered trucks for European Formula 1 races by 2023.
Diesel prices continue to decline for the sixth consecutive week
According to the Energy Information Administration (EIA), average diesel prices in the United States have declined for the sixth consecutive week.
Diesel has fallen 16 weeks out of the 17 past weeks
Diesel prices have continued to decline for the sixth consecutive week, marking a drop of over $1.95 per gallon since last year's peak.
U.S. Takes Measures to Safeguard Oil Tankers and Merchant Vessels in Iranian Maritime Zones
The U.S. government has expressed rising concerns over the safety of commercial ships, including oil tankers, navigating Iranian waters following a series of seizures by Iran
Gasoline-Powered Cars Maintain Dominance in the Market
A recent poll has revealed that the "rapid phase-out" of electric vehicles (EVs) is not a straightforward path.
US Diesel Prices Fall Below $4 on Average
The average price of diesel fuel in the US has dropped below $4 per gallon for the first time since February 2022, according to the Energy Information Administration.