Fuel
Government, Business, Fuel

China Shipowners Stop Hauling Iranian Oil as US Sanctions Near

Iranian Oil Iranian oil workers gather at an oil refinery south of Tehran, Iran. (Vahid Salemi/Associated Press)

China’s shipowners are shunning Iran’s oil, while the OPEC producer is using its own tankers to supply top customers as impending U.S. sanctions threaten to disrupt global crude trade.

Bloomberg News
August 21, 2018
Fuel

Diesel Drops 1¢ to $3.207 Per Gallon

Fuel pumps Daniel Acker/Bloomberg News

The U.S. average retail price of diesel fell last week by 1 cent to $3.207 a gallon.

Dan Ronan | Associate News Editor
August 20, 2018
Government, Business, Technology, Fuel

BYD, Penske Join Task Force to Shape Charging Infrastructure

Tesla charging station Tesla's system is proprietary, but Penske Truck Leasing and BYD America have joined an alliance that advocates for standardized charging infrastructure. (Giulia Marchi/Bloomberg News)

BYD America and Penske Truck Leasing separately announced they recently joined CharIN, a Berlin-based alliance that is leading a global effort to standardize electric-vehicle charging infrastructure.

Roger Gilroy | Staff Reporter
August 20, 2018
Business, Fuel, Logistics

GulfMark Energy to Expand Oil Hauling Fleet With Red River Acquisition

GulfMark Energy tanker GulfMark Energy

Adams Resources & Energy Inc., the Houston-based corporate parent of oil marketing firm GulfMark Energy and petroleum and chemical hauler Service Transport Co., has agreed to acquire Red River Vehicle Holdings, a crude oil transportation firm operating in Oklahoma and Texas, for approximately $10 million.

Transport Topics
August 20, 2018
Business, Fuel, Logistics

Beemac Trucking Wins Contract in Permian Basin

Beemac Trucking truck Beemac Trucking

Eagle Pipe announced it has selected flatbed carrier Beemac Trucking and Logistics to handle all transportation and tubular management services for its new full-service Permian Basin stocking and trucking yard in Midland, Texas.

Transport Topics
August 20, 2018
Government, Business, Fuel

Judge Orders New Federal Review of Keystone XL Pipeline

Keystone XL Pipeline The Keystone Steele City pumping station, into which the planned Keystone XL pipeline is to connect to, is seen in Steele City, Neb. (Nati Harnik/Associated Press)

LINCOLN, Neb. — A federal judge has ordered the U.S. State Department to conduct a more thorough review of the Keystone XL pipeline’s proposed pathway after Nebraska state regulators changed the route, raising the possibility of further delays to a project first proposed in 2008.

Grant Schulte | Associated Press
August 16, 2018
Government, Business, Fuel

Former Pilot Flying J President Mark Hazelwood’s Sentencing Delayed

Mark Hazelwood Former Pilot Flying J President Mark Hazelwood (left) was arraigned Feb. 9, 2016. (Michael Patrick/Knoxville News Sentinel)

A federal judge has postponed the sentencing date for convicted former Pilot Flying J President Mark Hazelwood until Sept. 26.

Eric Miller | Staff Reporter
August 16, 2018
Government, Business, Technology, Fuel

EPA Challenged Administration’s Safety Projections From Mileage Freeze

A car tailpipe Rick Bowmer/AP

WASHINGTON — The Environmental Protection Agency privately challenged the Trump administration’s rationale for freezing Obama-era mileage standards, saying the proposal actually would increase U.S. highway deaths.

Ellen Knickmeyer | Associated Press
August 15, 2018
Government, Business, Fuel

US Retail Sales Rose at 0.5% Annual Rate in July

Citi Trends manager Crystal Bowman counts a customer's school clothes and uniforms in Jackson, Miss. ( Citi Trends manager Crystal Bowman counts a customer's school clothes and uniforms in Jackson, Miss. (Rogelio V. Solis/AP)

WASHINGTON — Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that confident consumers are helping drive robust economic growth.

Christopher Rugaber | AP Economics Writer
August 15, 2018
Government, Business, Fuel

Shipping-Fuel Rule Change Cuts Demand for Canadian Oil

TransCanada's Hardisty Terminal 1 TransCanada's Hardisty Terminal 1. (Brett Gundlock/Bloomberg)

New rules limiting the amount of sulfur allowed in shipping fuel is expected to cut demand for high-sulfur fuel oil and the sour crude that yields it. In Canada, that could extend — or worsen — the biggest price slump in nearly five years.

Robert Tuttle | Bloomberg News
August 14, 2018

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