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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

Chevron Earnings Jump on Permian Output, Andarko Breakup Fee

Chevron Corp. posted strong production growth from the Permian Basin combined with a stabilization in its refining operations to beat earnings estimates in the second quarter.

August 2, 2019

EPA IG Finds Study Critical of Glider Emissions Was Properly Conducted

A U.S. Environmental Protection Agency’s Inspector General audit has given a 2017 agency study critical of glider truck emissions a clean bill of health.

August 1, 2019

Shell Profit Misses as Slowing Economy Hurts Gas, Chemicals

Royal Dutch Shell Plc got caught into the same earnings trap as many of its peers, reporting second-quarter earnings that fell well short of expectations as the slowing global economy hit everything from natural gas to chemicals.

August 1, 2019

Keystone XL Pipeline Inches Forward as Order Blocking Work Is Lifted

TC Energy Corp.’s $8 billion Keystone XL crude oil pipeline is inching forward after a court injunction that stopped work on the project was been lifted.

August 1, 2019