Oil fell more than $2.50 Wednesday to finish the trading day at a seven-week low $101.47 a barrel, following a report that crude inventories took their biggest jump in four years, Bloomberg reported.
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
New CNG Station Opens in Oklahoma
Apache Corp., an oil and gas exploration and production company, has opened a public-access compressed natural gas fueling station in Tulsa, Okla.
April 3, 2012Quality Distribution Buys Energy Logistics Firm
Tank truck carrier Quality Distribution said late Monday that it has purchased Trojan Vacuum Services, a transportation provider for the oil and gas industry in the Eagle Ford shale region in Texas.
April 3, 2012Oil Holds Near Six-Week Low $103 a Barrel
Oil rose slightly in early trading Monday but held near a six-week low just over $103 a barrel, Bloomberg reported.
April 2, 2012Diesel Dips a Half-Cent to $4.142; Gasoline Rises Again
Diesel fell for the first time in 10 weeks, dipping half a cent to $4.142 a gallon, while gasoline rose for the 10th straight week, the Department of Energy said Monday.
April 3, 2012Truck, Engine Makers See Natural Gas as Practical Alternative to Diesel Fuel
LOUISVILLE, Ky.—Truck and engine manufacturers at the Mid-America Trucking Show here declared natural gas the victor in the industry’s search for a practical alternative fuel to diesel, saying they could have three different types of natural-gas engines by 2013 and a nationwide network of 100 fueling stations that offer it by 2014.
April 2, 2012DOE Considers Opening SPR, Official Says, as Diesel Rises 0.5¢
U.S. retail diesel prices edged up a half-cent a gallon last week, continuing a nine-week string of increases and bringing the national average to $4.147 a gallon, the Department of Energy reported.
April 2, 2012Oil Slips as Feds Consider Tapping SPR
Oil fell for the first time in four days Wednesday following a Department of Energy report that showed crude inventories rose, while the department considered tapping the government’s Strategic Petroleum Reserve, Bloomberg reported.
March 28, 2012Gasoline Gains 11¢ to $3.93, Lundberg Says
Gasoline rose 11 cents in the past two weeks to a national average $3.93 per gallon, but the price may be leveling off with oil prices stable, according to the latest Lundberg Survey of filling stations released Sunday.
March 26, 2012Diesel Gains a Half-Cent to $4.147; Gas Gains a Nickel to $3.918
Diesel rose 0.5 cents to $4.147 a gallon, its highest price since the record-setting summer of 2008, while gasoline rose more than a nickel, the Department of Energy reported.
March 27, 2012