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Brent Oil Falls Below $80 a Barrel for First Time Since June

Brent crude slumped below $80 a barrel for the first time since June 10, driven by algorithmic trading and signs of poor demand from China, the world’s top oil importer.

July 29, 2024

Oil Drilling Recovery Unlikely This Year, Baker Hughes Says

Baker Hughes Co. lowered its expectations for U.S. shale activity, saying an anticipated recovery in oil drilling is no longer likely this year.

July 26, 2024

Trump Targets Biden Administration’s EV Agenda at RNC

A rollback of policies that former President Donald Trump believes unfairly target fossil fuel-powered vehicles would be among the central priorities he'd tackle if re-elected this fall.

July 25, 2024

Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant

A bankruptcy judge on July 24 approved a settlement that will allow other companies to finish work on an Exxon gas export project in Texas.

July 24, 2024

Atlas Energy to Deploy Self-Driving Trucks for Fracking Sand

Atlas Energy plans to deploy self-driving trucks developed by Kodiak Robotics for delivery of fracking sand to Permian Basin oil and natural gas wells in Texas beginning in early 2025.

July 24, 2024

Tesla's Second-Quarter Profit Falls 45% to $1.48 Billion

DETROIT — Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing.

July 23, 2024

Diesel Price Sheds 4.7¢ to $3.779 a Gallon

The national average diesel price dipped 4.7 cents to $3.779 a gallon, according to Energy Information Administration data released July 22.

July 22, 2024

American Farmers’ Next Hot Commodity Is Canola for Biofuels

A growing number of energy and agriculture firms have been boosting spending in an effort to plant and crush more canola, an oilseed that could play a big role in the renewable fuel markets.

July 22, 2024

Shipping Gets Dirtier as Houthi Attacks Fuel Longer Voyages

Shipping’s carbon emissions climbed by 23 million tons in the first half of this year, partly as vessels took longer routes to avoid attacks in the Red Sea.

July 22, 2024