U.S. industrial recession cuts diesel and electricity use

U.S. manufacturing and freight activity has declined for six months running, which is being reflected in falling consumption of diesel and other distillate fuel oils as well as industrial electricity sales.

Oil prices jump but still on track for third weekly fall

Oil prices jumped but were set for a third straight week of losses after sharp declines earlier in the week on fears about interest rate hikes, U.S. banking sector problems and slowing Chinese demand.

Enbridge reaches toll agreement with shippers for Mainline system

Enbridge Inc, Canada's largest transporter of crude oil, said it has reached a 7-1/2 year toll agreement with shippers for its Mainline system.

Neste to supply SAF to United Airlines flights departing San Francisco Int'l. Airport

Neste and United announced that the airline’s departing flights from San Francisco International Airport will be fueled by a blend of Neste MY Sustainable Aviation Fuel.

Phillips 66 beats profit estimates as refining margins soar

U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies.

Exxon Mobil not quitting exploration in Brazil

Exxon Mobil Corp is not giving up on oil exploration in Brazil, the company's country chief Alberto Ferrin said during the Offshore Technology Conference in Houston.

California moves to phase-out diesel-powered trucks, cut locomotive pollution

California regulators approved new rules requiring all medium- and heavy-duty vehicles sold in the state in 2036 be zero-emission, a day after the California Air Resources Board (CARB) adopted reduced emission regulations for locomotives.

Hybrid-flex cars a great asset for Brazil's decarbonization efforts

Brazil's ability to produce and sell hybrid cars that can run on 100% ethanol is a huge asset for its auto industry as global economies push for decarbonization to tackle climate change.

US April oil exports top forecasts on Chinese demand

U.S. crude oil exports rose more-than-expected last month, building on a record 4.5 million bpd in March, as Chinese refiners snapped up cargoes to meet rising fuel demand.

US government may delay decision on electric vehicles biofuel program

The U.S. government could delay a decision on giving EV manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan.