Diesel fuel’s national average retail price dipped 0.7 cent $2.792 a gallon and gasoline's pump price plunged, the Department of Energy said Monday.
June 12, 2007FuelGovernment
China Sets Biofuels Moratorium
China announced a moratorium on the production of ethanol from corn and other food crops Monday, at the same time that Western leaders are moving to embrace more alternative fuels, the Times of London reported Tuesday.
June 12, 2007FuelBusinessGovernment
‘Hot Fuel’ Comes Under Federal Scrutiny
Federal lawmakers said that oil companies and service station owners cheated consumers due to fuel’s tendency to expand in warm temperatures, the Los Angeles Times reported Saturday.
June 11, 2007BusinessFuel
Crude Oil Tumbles $2 a Barrel
Crude oil plunged more than $2 a barrel from a nine-month high on concern that rising interest rates may lead to slower growth in demand, Bloomberg reported Friday.
June 8, 2007BusinessFuelGovernment
UTi Worldwide’s 1Q Income Dips
Air and ocean freight forwarder UTi Worldwide’s fiscal first -quarter net income fell 6% to $18.1 million or 18 cents a share, from $19.3 million or 20 cents a year ago.
June 7, 2007BusinessFuelGovernmentLogistics
Ceva Secures EGL Financing
The private-equity parent company of Ceva Group has received a commitment of $2.95 billion in debt financing to fund the buyout of air freight forwarder EGL Inc., Bloomberg reported Tuesday.
June 6, 2007FuelGovernmentBusiness
Fuel Inventories Rise for Week
Inventories of crude oil, gasoline and distillate fuel all rose last week, and oil prices receded slightly in early trading Wednesday, Bloomberg reported.
June 6, 2007FuelBusinessLogisticsGovernment
Diesel Dips 1.8¢ to $2.799; Gas Falls 5.2¢ to $3.157
Diesel fuel’s national average retail price fell 1.8 cents to $2.799 a gallon, while gasoline dropped more than a nickel to $3.157, the Department of Energy reported Monday.
June 5, 2007