The Biden administration may not be able to take full advantage of the recent drop in oil prices as it seeks to refill its depleted crude oil reserve, an Energy Department official said Dec. 4.
December 4, 2023Search
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
US Announces New Emissions-Curbing Methane Rule at COP28
The Biden administration on Dec. 2 issued a final rule aimed at reducing methane emissions, targeting the U.S. oil and natural gas industry for its role in global warming.
December 4, 2023OPEC Countries Cutting Output in Bid to Increase Oil Prices
The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Nov. 30, expanding some output cuts into next year.
December 1, 2023Shipping Giants Want End Date for Fossil Fuel-Only Vessels
Europe’s biggest container lines want to phase out ships powered only by fossil fuels, they say in a proposal jointly made by Mediterranean Shipping Co., Maersk, CMA CGM and Hapag-Lloyd.
December 1, 2023Greek Shipping Giant Warns Panama Canal Chaos May Hit Suez
Congestion at the Panama Canal could result in delays at Egypt’s Suez Canal, possibly affecting cargoes of liquefied natural gas, according to an official at Angelicoussis Group.
November 29, 2023Stuck Australian Gas Tanker May Spur Global LNG Price Rise
A loaded liquefied natural gas tanker is stuck at an export terminal in Australia and will disrupt some shipments, adding to supply concerns ahead of the Northern Hemisphere winter.
November 28, 2023Diesel Price Drops 6.3¢ a Gallon to $4.146
The national average diesel price tumbled 6.3 cents in its fifth straight decline to hit $4.146 a gallon, according to Energy Information Administration data released Nov. 27.
November 27, 2023Oil Shows Signs of Softening Before OPEC+ Meeting
Ahead of the OPEC+ meeting on Nov. 30, there are indications oil supply is running ahead of demand, highlighting the challenge facing the cartel as it prepares to set output policy for 2024.
November 27, 2023Diesel Price Drops Another 8.5¢ a Gallon to Reach $4.209
The national average diesel price extended its pronounced decline, falling 8.5 cents to reach $4.209 a gallon, according to Energy Information Administration data released Nov. 20.
November 21, 2023California Gas Prices Dip Below $5 for First Time Since July
California pump prices fell below $5 a gallon for the first time since July, following national levels lower but still the highest in the country.
November 20, 2023