Chevron Corp. is relocating headquarters to Houston from California after repeatedly warning that the Golden State’s regulatory regime was making it a tough place to do business.
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Chevron, Hess Merger Faces Long Delay
Shares of Chevron Corp. and Hess Corp. plunged after announcing an arbitration hearing with Exxon Mobil Corp. related to their $53 billion merger will be delayed until at least mid-2025.
August 1, 2024EPA Issues Emergency Fuel Waiver in Midwest
The Environmental Protection Agency issued an emergency waiver of fuel rules in four Midwest states to address shortages tied to a power outage at an Exxon Mobil Corp. refinery in Joliet, Ill.
August 1, 2024Diesel Price Dips 1.1¢ to $3.768 a Gallon
The national average diesel price dropped 1.1 cents to $3.768 a gallon, according to U.S. Energy Information Administration data released July 29.
July 29, 2024Biden Administration Buys Nearly 5 Million Barrels of Oil
The Biden administration announced July 29 it has purchased 4.65 million barrels of crude oil for the nation’s emergency cache as it continues refilling the depleted reserve.
July 29, 2024Trump Targets Biden Administration’s EV Agenda at RNC
A rollback of policies that former President Donald Trump believes unfairly target fossil fuel-powered vehicles would be among the central priorities he'd tackle if re-elected this fall.
July 25, 2024Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant
A bankruptcy judge on July 24 approved a settlement that will allow other companies to finish work on an Exxon gas export project in Texas.
July 24, 2024Diesel Price Sheds 4.7¢ to $3.779 a Gallon
The national average diesel price dipped 4.7 cents to $3.779 a gallon, according to Energy Information Administration data released July 22.
July 22, 2024American Farmers’ Next Hot Commodity Is Canola for Biofuels
A growing number of energy and agriculture firms have been boosting spending in an effort to plant and crush more canola, an oilseed that could play a big role in the renewable fuel markets.
July 22, 2024Shipping Gets Dirtier as Houthi Attacks Fuel Longer Voyages
Shipping’s carbon emissions climbed by 23 million tons in the first half of this year, partly as vessels took longer routes to avoid attacks in the Red Sea.
July 22, 2024