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Deal on Biodiesel, Railroads Credits Hinges on Broader Tax Package

Congressional leaders are close to a deal that would extend a slew of expired incentives for biodiesel, alcoholic beverages and short-line railroads, though it could depend on completing a broader tax compromise in time to add the provisions to a must-pass spending bill.

December 16, 2019

Northeast States Weigh Transportation and Climate Initiative

Massachusetts Gov. Charlie Baker is one of the leaders pushing for a regional program that would raise the price of gas while curbing greenhouse gas emissions from transportation.

December 16, 2019

Oil Reaches Three-Month High Above $60 on US-China Trade Pact

Oil rose above $60 a barrel for the first time in almost three months after the U.S. and China agreed on the text of a partial trade deal, giving a boost to the fragile outlook for global oil demand.

December 13, 2019

California Considers Requiring Zero-Emission Truck Sales

SACRAMENTO, Calif. — The country’s most populous state could become the first to require a portion of new truck sales be electric or “zero emission” vehicles as California grapples with how to clean up its worst-in-the nation air quality.

December 13, 2019

Fuel-Trading Routes Revamped as 2020 Dynamics Take Hold

Shippers have fewer than three weeks until new rules kick in forcing them to burn cleaner fuels, but the regulations are already redefining key trade routes in the global oil-product markets.

December 12, 2019

Chevron’s LNG Exit Deals Fresh Blow to Canada’s Energy Industry

Abundant natural gas resources, an all-electric plant and just a nine-day hop to energy-hungry Asian markets were not enough to persuade Chevron Corp. to pursue its Kitimat gas export project in western Canada, marking a further blow to the country’s beleaguered fossil fuel industry.

December 11, 2019

November US Consumer Prices Up 0.3% on Rising Energy Costs

WASHINGTON — Higher energy prices lifted U.S. overall consumer prices in November.

December 11, 2019

Audit Finds Proposed EPA Glider Rule Repeal Skipped Legal, Health Analyses

A new report by the Environmental Protection Agency Inspector General determined that former agency Administrator Scott Pruitt failed to follow legal and public health safeguards in 2017 when he proposed to repeal an Obama-era regulation limiting the number of glider trucks that could be manufactured annually.

December 11, 2019

Saudi Aramco Gains 10% in Debut to Clinch Top Seat at $1.8 Trillion

RIYADH, Saudi Arabia — Saudi Arabia’s oil company Aramco gained 10% in its first moments on the stock market Dec. 11 in a dramatic debut that held until closing and pushed its value up to $1.88 trillion, surpassing Apple as the largest listed company in the world.

December 11, 2019

Diesel Drops 2.1¢ to $3.049 a Gallon

The U.S. average retail price of diesel dropped 2.1 cents to $3.049 a gallon, the Department of Energy reported Dec. 9.

December 9, 2019