ºÚÁϳԹÏÍø

MORGAN CITY, La. — Hurricane Francine barreled toward Louisiana on Sept. 11, strengthening to a Category 2 storm that could bring deadly storm surge to the U.S. Gulf Coast.

U.S. oil demand growth is forecast to plateau this year, in the latest bearish indicator for the market, according to the Energy Information Administration.

The U.S. Department of Energy is studying so-called soft costs of deploying EV charging infrastructure that sometimes are overlooked but can be higher than the basic buildout costs.

The national average diesel price continued its downward trend, dropping 7 cents to $3.555 per gallon, according to U.S. Energy Information Administration data released Sept. 9.

Francine is expected to lash parts of the Gulf Coast with powerful winds and heavy rain as it heads for a Sept. 11 landfall as a full-blown hurricane.

OPEC+ has staved off an oil surplus this year by deciding to restrain production a little longer. But the temporary fix won’t hold back the supply glut awaiting global markets in 2025.

The U.S. has sanctioned two more vessels along with two related shipping companies in its latest effort to block Russian liquefied natural gas exports from the Arctic.

A goal of sub-$2 gasoline, last seen during the pandemic shutdown that caused demand to collapse, would be difficult to achieve, since presidents have little control over pump prices.

OPEC+ is discussing a possible delay to an oil output increase planned for October, delegates said, after prices crashed to the lowest since last year.

The national average diesel price fell by 2.6 cents to $3.625 per gallon, according to U.S. Energy Information Administration data on Sept. 2, marking the eighth straight week of declines.