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Government, Business, Technology, Fuel

World Thirst for Oil Keeps Growing, With SUVs a Key Culprit

SUV on road Michel Euler/AP

PARIS — The world’s thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers’ insatiable appetite for SUVs is a big reason why.

Angela Charlton | Associated Press
November 13, 2019
Government, Business, Fuel

Consumer Prices Up 0.4% in October; Gasoline Prices Surge

gas pump Gene J. Puskar/AP

WASHINGTON — Surging gasoline prices caused U.S. consumer prices to rise last month at the fastest pace since March.

Paul Wiseman | Associated Press
November 13, 2019
Government, Business, Fuel

Diesel Climbs 1.1 Cents to $3.073 a Gallon

Fuel Drivers fuel their trucks. (John Sommers II for Transport Topics)

The U.S. average retail price of diesel rose 1.1 cents to $3.073 a gallon, the Department of Energy reported Nov. 12, the day after the national Veterans Day holiday.

Roger Gilroy | Staff Reporter
November 12, 2019
Government, Business, Fuel

Offshore Oil to Peak in 2020, Then Join Shale in Market Drop, Analysts Say

An oil platform in the Gulf of Mexico An offshore oil platform in the Gulf of Mexico. (Getty Images)

Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions.

November 12, 2019
Government, Business, Technology, Fuel, Logistics

Pemex Faces Payment Problems After Cyberattack Shut Down System

A Petroleos Mexicanos gas station stands in Mexico City A Petroleos Mexicanos gas station in Mexico City. Pemex is relying on manual billing until its security situation is resolved. (Luis Antonio Rojas/Bloomberg News)

A ransomware attack that hit Mexico’s Petroleos Mexicanos is disrupting the company’s billing systems, according to people familiar with the situation.

Amy Stillman | Bloomberg News
November 12, 2019
Business, Fuel

Europe’s Natural Gas Glut Is Growing

LNG ship SeongJoon Cho/Bloomberg News

Europe’s role as a destination of last resort for liquefied natural gas that traders can’t sell elsewhere may now be reaching its limits.

Anna Shirayaevskaya | Bloomberg News
November 12, 2019
Government, Business, Fuel

ASCE to Unveil Puerto Rico Report Card Nov. 12

Damaged roofs in Puerto Rico due to Hurricane Maria Damaged roofs of buildings in Puerto Rico due to Hurricane Maria, seen in November 2017. (Carlos Giusti/AP)

The American Society of Civil Engineers announced it plans to unveil a report card on Nov. 12 on the status of Puerto Rico’s infrastructure, two years after significant aspects of the island’s infrastructure were damaged severely as a result of two hurricanes.

Eugene Mulero | Staff Reporter
November 8, 2019
Business, Technology, Fuel

Natural Gas Trucks Expand in Southern California Ports

Clean Energy Fuels A Clean Energy Fuels station. (Clean Energy Fuels Corp.)

Clean Energy Fuels is supplying 100 trucks from Southern California port trucking companies with its Redeem renewable natural gas.

November 8, 2019
Government, Business, Fuel

Oil Falls Amid Uncertainty Over Trade War, OPEC Supply Cuts

Oil Falls An employee looks out from a platform above pipelines at a Duna oil refinery operated by MOL Hungarian Oil and Gas Plc in Szazhalombatta, Hungary. (Oliver Bunic/Bloomberg News)

Oil fell as traders awaited more concrete signs that the U.S. and China are resolving their trade dispute, and amid concerns that OPEC and its partners won’t deepen output curbs to prevent a glut.

Ann Koh and Grant Smith | Bloomberg News
November 8, 2019
Business, Technology, Equipment, Fuel

GM Sells Shuttered Lordstown, Ohio, Assembly Plant to Electric Vehicle Startup

Shuttered Ohio Assembly Plant The GM plant in Lordstown. (Maddie McGarvey/Bloomberg News)

Lordstown Motors Corp., the electric-truck startup formed specifically to save a shuttered Ohio car factory, has acquired the highly politicized plant from General Motors Co.

David Welch | Bloomberg News
November 7, 2019