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Oil Jumps Most in Month as Saudi Action Outweighs Demand Worries

Oil surged the most in nearly a month as investors digested Saudi Arabia’s latest plan to help stabilize prices following a large dip earlier in the week that was fueled by demand concerns.

August 9, 2019

Exxon Is Discouraging Witnesses in Climate Suit, N.Y. Says

New York accused Exxon Mobil Corp. of trying to discourage potential witnesses in a state lawsuit alleging the oil and gas company misled investors about the financial impact of climate change.

August 8, 2019

Trump’s Bid to Ease Auto Rules Would Hike Fuel Costs, Study Says

President Donald Trump’s plan to freeze U.S. vehicle efficiency standards would hike costs for motorists without doing anything to boost highway safety, according to an analysis by Consumer Reports that undermines the administration’s chief talking points in favor of the move.

August 7, 2019

TravelCenters of America Reports Higher Net Income, Revenue as Fuel Sales Jump

TravelCenters of America Inc. reported net income of $1.21 million, or 15 cents per share, in the quarter ended June 30.

August 6, 2019

Occidental Begins Bond Sale to Fund Anadarko Deal

Occidental Petroleum Corp. is selling bonds to help finance its $38 billion acquisition of Anadarko Petroleum Corp., as debt issuers show faith in the market rebound.

August 6, 2019

Battery-Powered Ships Next Up in Battle to Tackle Emissions

Four Japanese companies have teamed to build the world’s first zero-emission tanker by mid-2021 that will be powered by large-capacity batteries and will operate in Tokyo Bay, according to a statement Aug. 6.

August 6, 2019

Diesel Falls 0.2¢ to $3.032 a Gallon

The U.S. average retail price of diesel continued to drop Aug. 5, falling 0.2 cent to $3.032 a gallon, the Department of Energy reported July 29.

August 5, 2019

Natural Gas Nears $2 Amid Work on Largest US Export Terminal

Natural gas futures slid toward $2 per million British thermal units, a level that hasn’t been breached in three years, as fading summer heat and maintenance on the largest U.S. export terminal leave the market struggling to absorb a barrage of supply from shale basins.

August 5, 2019

Pipelines Add Room on ‘Unrelenting’ Demand for Canada’s Oil

U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them. Companies are adding space to their congested oil export pipelines from Canada even as plans for bigger expansions and new lines face delays.

August 2, 2019