Tag: Diesel

US exporting a ‘tidal wave’ of gasoline, other fuels

U.S. refiners are sending a “tidal wave” of gasoline, diesel and other refined products onto the world market, taking advantage of the surge in domestic oil development that has helped drive Gulf Coast crude stockpiles to record levels, according to a new report.  More »

EIA: Natural gas will slash diesel’s dominance as rail fuel

Liquefied natural gas will likely eat into diesel’s market share in fueling freight locomotives over coming decades, largely because U.S. natural gas will remain cheap as domestic production surges, the Energy Information Administration projects.  More »

Another clean energy venture faces cloudy future

A Houston-area biofuels company once on the vanguard of clean energy hopes could be headed toward bankruptcy, prompting concerns about the technology it has helped develop.  More »

Top lawmaker proposes California fuel tax

California’s Senate leader on Thursday proposed a tax on consumer fuel purchases of gasoline, oil, diesel, ethanol and natural gas, with the money raised diverted to mass transit projects and households making less than $75,000 annually.  More »

Hedge funds boost diesel bets with supply at decade low

Hedge funds are the most bullish on diesel in almost five months as the coldest January in 20 years boosted demand and cut U.S. supply to the lowest in a decade.  More »

Smaller companies join move to natural gas vehicles

Natural gas has become the fuel of choice for several large companies with vehicle fleets. Now, smaller firms are beginning to catch on to the trend, too.  More »

Boeing seeks to add diesel from vegetable oils to flights

Boeing Co., the biggest commercial airplane maker, is seeking approval from U.S. regulators to fuel jets with a “green” diesel made from vegetable oils and fats that will reduce consumption of fossil fuels and curb greenhouse-gas emissions.  More »

Biofuels producer stops production to make improvements

Officials with KiOR, which owns the biomass conversion facility in Lowndes County, will use the first quarter of 2014 to focus on improving its operations not producing fuel.  More »

Exports of diesel, heating oil jump 30%

U.S. exports of diesel and other distillate fuels reached a monthly record in July as global demand for fuel grows, according to new federal data.  More »

Waste company adds natural gas trucks to Houston fleet

Arizona-based Republic Services, a solid waste and recycling titan, is adding 49 state-of-the-art compressed natural gas trucks to its Houston fleet, as it phases out its older diesel-powered trucks, the company announced Thursday.  More »

Valreo profit drops as fuel margins narrow

Significantly lower margins for gasoline and diesel fuel, as well as less favorable discounts for the oil it buys, led to a drop in net income for Valero Energy Corp. in the third quarter, the San Antonio company said Tuesday.  More »

Citgo crude unit listing, damaged after fire

Citgo Petroleum Corp.’s only crude unit at its refinery in Lemont, Illinois, is listing and initial assessments indicate it may have sustained extensive damage in a fire Oct. 23, said two people familiar with plant operations.  More »
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