Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

It's probably over, says advisor

BEIJING China National Offshore Oil Corp. Ltd. is poised to decide this week on whether to abandon its bid for U.S. oil producer Unocal Corp., and appears likely to do so, say several people close to the Chinese company, according to a report in The Wall Street Journal. While these people won't...

Congress finally passes first major energy legislation in more than decade

WASHINGTON -- After years of stalemate, Congress on Friday sent President Bush a national energy plan touted by supporters as providing a diverse mix of fuels, new jobs, cleaner-burning coal and the next generation of nuclear reactors, said the Associated Press. The Senate approved the mammoth $12...

House approves imperfect energy bill

WASHINGTON -- The House by a wide margin approved a mammoth energy plan for the nation Thursday that sends billions of dollars in tax breaks and subsidies to energy companies, but is expected to do little to reduce U.S. oil consumption or dampen high energy prices, reported the Associated Press...

Family exiting industry, selling off remaining five units
FTC could block deal; company plans to challenge decision
Hastert proposes tax credit for installation of equipment to sell E-85
Chain to focus on Fort Wayne market
Also, Chevron launches motor oil upgrade promo
Calif. Safeway store must stop discounting; Colo. City Market store can keep it up
For now, street price stability and margin recovery, Lundberg says