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...

Saudi king's death, BP refinery fire a double whammy

TEXAS CITY, Texas -- Crude oil rose to a three-week high after the death of Saudi Arabia's King Fahd, ruler of the world's largest oil exporter. Prices were also bolstered following the closure of a BP Plc refinery unit in Texas, according to a Bloomberg report. The Saudi throne, held by Fahd for...

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
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