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Governments are facing US pressure to release some diesel reserves By Suzanne Lynch The transatlantic relationship has run into a fresh roadblock — this time over energy. As diesel prices soar, US President Donald Trump has been pressuring European governments to release some of their strategic fuel reserves, threatening an export ban if they don’t …
Trump Turns the Screws on Europe Over Energy Prices Read More »
WASHINGTON, Oct 2 (Reuters) – California, New York and two dozen other states, cities an counties on Friday sued the U.S. Transportation Department over its decision this week to finalize sharply lower vehicle fuel economy standards in a win for gas-powered vehicles. The revised standards seek to reverse former President Joe Biden’s push toward greater …
States, Cities Sue US Agencies Over Weaker Vehicle Fuel Economy Rules Read More »
By API – American Petroleum Institute Diesel prices are under pressure as a global refining crisis has reduced fuel supplies and left little spare capacity to replace lost barrels. As Washington looks for short-term relief, one proposal gained attention last week: banning or restricting U.S. diesel exports. Analysts, economists and industry voices warned it could make …
By Kate Abnett BRUSSELS, Sept 25 (Reuters) – The European Union is facing an energy price crisis as fallout from the Iran war roils oil and gas markets, the bloc’s energy chief said on Friday in a letter seen by Reuters that urged countries to consider measures to curb natural gas demand. “We are facing …
EU Warns of Energy Price Crisis, Asks Countries to Consider Curbing Demand, Letter Shows Read More »
By Georgina Mccartney WTI trades at $12.02 a barrel below Brent, widest discount since May 6 Analysts say diesel export ban could cut US refinery crude runs by 12% US energy secretary gauges refiners’ support for voluntary export restraint, sources say HOUSTON, Sept 25 (Reuters) – Washington’s talk of a possible ban on diesel exports …
Talk of US Export Ban on Diesel Deepens US Crude Futures’ Discount to Global Benchmark Read More »
Summary California gas prices hover near record $6.14 per gallon, versus $4.44 nationally Aemetis CEO estimates move could add about 650 million gallons of annual ethanol demand California had been the last US state barring the higher blend NEW YORK, Sept 21 (Reuters) – California Governor Gavin Newsom signed legislation allowing the immediate sale of …
California Clears Sales of Higher-Ethanol fuel to Lower Gasoline costs Read More »
By API – American Petroleum Institute Rising fuel costs driven by global disruption are the headline story this year, but America’s energy affordability challenge is broader — and predates this crisis. America has the capacity to produce abundant, affordable energy. The challenge is getting it where consumers need it. A slow and unpredictable federal permitting process …
AMERICAN ENERGY SNAPSHOT: Energy Affordability Depends on Permitting Reform Read More »
By Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern Veteran commodities strategist Jeff Currie said average US gasoline prices will almost certainly hit $5 a gallon before the midterm elections, citing a toxic combination of scarcity and currency debasement. Shortages that began in refined products are now spreading upstream into crude oil as the energy shock …
Jeff Currie Sees ‘Extremely High’ Risk of $5 Gas by Midterms Read More »
Gasoline at $38 a gallon sold from cramped apartments. Diesel hawked on Instagram by a celebrity model to a reggaeton soundtrack. Six decades after Fidel Castro’s revolution, all of a sudden, capitalist cracks are appearing in Cuba’s communist energy sector. Under Washington’s crippling oil embargo against Cuba, an exception that allows U.S. firms to export …
US Fuel Sales to Cuban Business Bring a Glimpse of Capitalism to Havana Read More »
(Reuters) – The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump escalates his attacks on Exxon Mobil and Chevron for making “too much money.” …
White House Set to Extend Jones Act Waiver as Trump Hunts for Cheaper Gasoline Read More »
