OPEC+ is pressing on with informal talks aimed at finalizing an agreement on oil output cuts this weekend, officials said.
May 30, 2024Search
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.
Senators Urge Prosecution of Alleged Oil Industry Collusion
WASHINGTON — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Department of Justice to “use every tool” at its disposal to prevent and prosecute alleged collusion and price-fixing in the oil industry.
May 30, 2024Tax Credit Lures Canada’s Largest Renewable Diesel Venture
Canada’s Alberta province has provided an Agri-Processing Investment Tax Credit to Imperial Oil Ltd. for a C$720 million project to build the nation’s largest renewable diesel facility.
May 29, 2024ConocoPhillips to Buy Marathon Oil for $17.1 Billion
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits.
May 29, 2024Diesel Price Slips 3.1¢ to Settle at $3.758
The national average diesel price dropped 3.1 cents to reach $3.758, its lowest point in more than two years, according to Energy Information Administration data on May 27.
May 28, 2024Energy Transfer to Buy Permian Operator WTG for $3.3 Billion
U.S. pipeline giant Energy Transfer LP has reached a deal to buy WTG Midstream through a deal valued at about $3.25 billion.
May 28, 2024OPEC+ Expected to Extend Supply Cuts
OPEC+ will hold next month’s policy meeting online rather than in person, while several delegates said they expected the group to extend its current supply cuts into the second half of the year.
May 24, 2024Big Oil Investigation Sent to Justice Department by Dems
Democrats are asking the Department of Justice to investigate major oil companies and their trade groups following a congressional probe.
May 22, 2024US Puts Its 1 Million-Barrel Gasoline Reserve Up for Sale
The Biden administration is putting its cache of 1 million barrels of gasoline on the market, after being ordered to liquidate the reserve by Congress.
May 21, 2024Diesel Price Drops 5.9¢ to Hit $3.789 a Gallon
The national average diesel price continued to slide, shedding 5.9 cents to reach $3.789 a gallon, according to Energy Information Administration data released May 20.
May 20, 2024