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A flurry of bets on Brent crude falling below $60 a barrel this year changed hands recently, a sign investors are hedging against the risk of another large production hike from OPEC and its allies.

The raid focused on the battery plant construction site and agencies are investigating allegations of unlawful employment practices and other serious federal crimes.

The extra barrels have so far only put modest downward pressure on crude prices, but threaten to unleash a major surplus in the coming months, according to the International Energy Agency.

Hawaii was the first state to create a mandatory road usage charge program to make up for decreases in fuel tax revenue due to the growing number of electric, hybrid and fuel-efficient cars.

This time EPA is targeting the California Air Resources Board’s Clean Truck Check law, also known as the Heavy-Duty Inspection and Maintenance Program.

The decision applies to 38 small refineries that had requested waivers from annual blending quotas, according to a statement Aug. 22.

The oil giant will nearly double the amount of fuel it will buy from an export plant Sempra is expanding in Texas.

Shipments are expected to surpass 4 million barrels a day in August and September, reaching levels not seen since the start of the year, according to some market participants.

EPA could rule as soon as this week on dozens of pending petitions from small oil refineries seeking exemptions from ethanol- and biodiesel-blending obligations from recent years.

The California Air Resources Board and five other agencies recommended the state backfill the $7,500 federal tax credit for electric vehicles that is set to expire in late September.