Oil Tumbles to Six-Year Low on OPEC Output, Yuan Move
Crude closed at the lowest level in more than six years in New York as OPEC production climbed while China’s devaluation of the yuan bolstered concern that the world’s second-biggest economy will slow.
August 11, 2015Daily Briefings from Transport Topics
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US Diesel Prices Decline Again
Diesel’s spring-and-summer price slide has reached an 11th straight week with the Department of Energy reporting another decline Aug. 10, this time by 5.1 cents a gallon to $2.617.
August 11, 2015Fueled by Low Pump Prices, Motorists to Drive More in August, Survey Says
Roughly one in three U.S. motorists expect to drive more in August as low gasoline prices help fuel optimism for the broader economy, a new retail survey released on Aug. 11 shows.
August 11, 2015Oil Rises From Five-Month Low
Oil rose from the lowest level in almost five months in New York as Chinese crude imports climbed to a record in July.
August 10, 2015Diesel Average Drops for 10th Straight Week, Reaching Lowest Level Since October 2009
The U.S. diesel average declined 5.5 cents last week to $2.668 a gallon, the lowest price since 2009, the Department of Energy reported.
August 10, 2015Diesel Average Falls for 10th Consecutive Week to Lowest Price Since 2009
Diesel’s national average price declined for the 10th consecutive week, dropping 5.5 cents to $2.668 per gallon, according to a report from the Department of Energy on Aug. 3.
August 4, 2015Diesel Drops 5.9¢ to $2.723; Lowest Price in Nearly Six Years
Diesel’s national average price tumbled to its lowest point in almost six years last week, falling 5.9 cents to $2.723 per gallon, according to a July 27 report from the Department of Energy. The last time diesel was lower than the current price was the week of Oct. 19, 2009, when it was $2.705.
August 3, 2015US Crude Posts Biggest Monthly Fall Since 2008
U.S. crude posted its biggest monthly drop since the 2008 financial crisis on July 31 after a string of losses in July triggered by China's stock market slump and signs that top Middle East producers were pumping crude at record levels.
July 31, 2015Oil Market Embraces Lower-for-Longer Price View as Futures Sink
The global oil surplus increasingly looks like a problem that will take years rather than months to solve — and the market is pricing that in.
July 30, 2015UPS Pledges to Buy 46 Million Gallons of Renewable Diesel
UPS Inc. said it will buy 46 million gallons of renewable diesel over three years, 15 times greater than prior contracts, as the company seeks to further reduce carbon emissions.
July 29, 2015