Fuel

An ambitious plan to boost Mexico’s oil and gas production could slow the country’s energy sector reforms and hinder trade opportunities for U.S. refiners and pipeline companies that have ramped up exports to meet growing demand there, according to research firm Morningstar.

Last week, President Donald Trump proposed gutting California’s unique ability to write greenhouse gas emission limits for cars and trucks.

Sunoco Partners Marketing & Terminals said it has paid approximately $66 million to obtain the equity stake in Sandford Energy it did not already own, giving Sunoco full control of the company.

The U.S. average retail price of diesel inched down 0.3 cent to $3.223 a gallon, while crude oil prices were lower despite ongoing tensions over trade and the Middle East.

UPS Inc. has announced a collaboration with Los Angeles-based Thor Trucks on a battery-powered, Class 6 delivery truck that can drive approximately 100 miles on a single charge.

The Trump administration’s plan to ease vehicle-emission mandates lifts some burdens for automakers but also would strip away options that have made it easier for them to comply and have encouraged the development of electric cars.

Shippers beware: Oil refineries are starting to eradicate stockpiles of sulfur-rich fuel that powers the merchant fleet in anticipation of a demand collapse in fewer than 18 months.

Toyota’s new zero-emissions, hydrogen fuel cell Class 8 electric truck is a leap forward to creating a completely environmentally friendly vehicle that lowers air pollution especially around the nation’s ports.

WASHINGTON — Oil and gas executives have watched wearily in recent years as the relationship between the United States and Russia deteriorated, steadily closing off their ability to drill the vast shale plays underlying Siberia and the deep-water oil fields off Russia’s Arctic coast.