The almost relentless thrust that has doubled crude output from the Permian Basin in three years is showing some signs of waning.
July 16, 2019Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Diesel Drops 0.4¢ to $3.051 a Gallon as Barry Dissipates
The U.S. average retail price of diesel dropped by 0.4 cent to $3.051 a gallon, the Department of Energy reported July 15. Meanwhile, crude oil slid to less than $59 a barrel during trading of West Texas Intermediate.
July 15, 2019Chevron Seeks to Turn Canada LNG Plan Into All-Electric Design
Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility on Canada’s Pacific Coast to an all-electric design that it says will result in the lowest greenhouse-gas emissions per ton of LNG of any large project in the world.
July 15, 2019Clean Energy Fuels Opens RNG Station in New York City
Clean Energy Fuels Corp. opened its newest natural gas fueling station in Hunts Point — the first station in New York City to exclusively offer renewable natural gas for medium- and heavy-duty vehicle fleets.
July 12, 2019Eco-Energy Launches Logistics Service for Ethanol Market
Eco-Energy, a biofuel supply chain company, launched its Ethanol Logistics Service on July 11 to reach a broader mix of ethanol buyers and shippers, and create the largest asset-backed logistics management service exclusively focused on ethanol.
July 12, 2019Tropical Storm Barry Set to Dump Two Feet of Rain on Louisiana
The leading edge of Tropical Storm Barry’s wind and rain is reaching Louisiana, where communities including New Orleans are bracing for a downpour that threatens to inundate already-high waterways. Gulf of Mexico operators have shut-in 1.01 million barrels a day of oil production.
July 12, 2019Trump Defends Refinery Waivers by Noting Expanded Ethanol Sales
President Donald Trump has cited his move to allow year-round sales of high-ethanol gasoline as farmers pressure him to dial back decisions to exempt oil refineries from biofuel-blending mandates, signaling the president sees the two issues as related.
July 11, 2019Officials Say Diesel Technician Shortage Starting to Ease as Recruiting Pays Off
A leading trucking official said “there is definitely a shift going on” for the industry to address its critical shortage of technicians.
July 11, 2019Oil Trades Near Seven-Week High Amid Gulf Storm, 2020 Outlook
Oil traded near a seven-week high as supply risks from a storm in the Gulf of Mexico and falling U.S. stockpiles were countered by a weak market outlook from OPEC in 2020.
July 11, 2019QuikQ Gains Investments From Love’s, TA
QuikQ, a provider of fuel payment solutions, announced Love’s Travel Stops and TravelCenters of America each has invested in the company, with TA providing about $20 million. The Love’s amount was not disclosed.
July 10, 2019