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The national average diesel price dipped 2.3 cents to edge below $4 a gallon, according to Energy Information Administration data released April 22.

The Biden administration is using emergency powers to authorize widespread sales of higher-ethanol E15 gasoline this summer, following a strategy it employed the previous two years.

The global diesel market is deteriorating, a concerning economic signal and food for thought for bullish oil traders.

MIAMI — The Biden administration on April 17 reimposed crushing oil sanctions on Venezuela.

President Joe Biden’s administration intends to reimpose oil sanctions on Venezuela if Nicolas Maduro’s regime does not take steps to honor an agreement to allow a fairer vote in elections.

The Biden administration will likely need to tap oil from the country’s emergency reserves to counter a spike in gasoline prices and amid inflation fears during the summer driving season.

The national average diesel price slid 4.6 cents to $4.015 a gallon, according to Energy Information Administration data released April 15. Diesel was last below $4 a gallon April 1.

The flurry of Ukrainian drone attacks on Russia’s oil refineries risks disrupting global markets for petroleum products, the International Energy Agency said.

DETROIT — The driver of a Ford electric SUV involved in a February fatal crash in Texas was using the company's partially automated driving system before the wreck, investigators said.

Global oil demand won’t peak before the end of this decade due to underwhelming fuel economy standards and slowing adoption of electric vehicles in the U.S., energy researcher Enverus says.