Fuel

The National Transportation Safety Board wants changes in how containerships are anchored off Southern California to help prevent oil pipeline ruptures like the 2021 spill off Huntington Beach.

Exports of U.S. crude are nearing a record of 6 million barrels a day — flooding the market with oil and weighing on prices from Europe to Asia.

The Global Carbon Project estimates that worldwide carbon dioxide emissions from burning fossil fuels will rise 1.1% this year over 2022, to 36.8 billion metric tons, a new peak.

A leaked draft of Treasury Department rules for hydrogen tax credits in President Joe Biden’s climate law is drawing warnings from advocates that they may stifle the burgeoning industry.

The national average diesel price fell another 5.4 cents this week to creep ever closer to the $4 mark, according to the Energy Information Administration.

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.

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.

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.

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.

Navistar’s sustainability commitments go back more than 20 years, but in 2023, it has sharpened its focus.