Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

OPEC ups spare capacity commitment

VIENNA -- The Organization of Petroleum Exporting Countries (OPEC) agreed to a deal Tuesday offering to use its remaining spare production capacity from October 1 to the end of the year in a bid to reassure consumer countries about security of energy supplies, said Reuters. The pact means that the...

Concerned over excessive profits

MADISON, Wis. -- Eight Democratic governors want President Bush and Congress to investigate possible gasoline price-gouging after Hurricane Katrina, reported the Associated Press. In a letter, they said that they are concerned about "excessive profits being made by oil companies who are taking...

After Katrina, new hurricane has consumers and refiners on edge

SAN ANTONIO -- As the Federal Emergency Management Agency (FEMA) struggled yesterday to quell rumors it would commandeer gasoline supplies in advance of Hurricane Rita hitting the shore, oil refiners in the Gulf Coast area began closing parts of their refineries, one even calling the situation a...

Retailers, consumers watch as Hurricane Rita enters Gulf of Mexico
Oil leaks at refinery blamed on hurricane
NASCAR's Childress to appear at reception.
Cantwell bill would outlaw gas price gouging
Requires immediate investigation by FTC
Polls reveal changes in habits
Energy Secretary announces sale of 11 million bbl. crude