Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

DOE issues notice for 30 million bbl. of emergency crude; gas stockpile possible

WASHINGTON -- Hurricane-hit refiners have until Friday afternoon to submit bids for 30 million barrels of crude oil offered for sale from the government's emergency stockpile, the U.S. Department of Energy (DOE).According to a Reuters report, the sale was expected to help calm crude oil prices,...

IEA offers 2 million barrels of crude oil, products/day for 30 days

PARIS -- A group of 26 countries, including the United States, on Friday agreed to release oil, gasoline or other petroleum products from their emergency reserves in an attempt to bring down soaring prices and avert domestic shortages, said the Washington Post. The decision by the members of the...

NACS reschedules convention; pipeline oil starts to flow again

OAK BROOK, Ill. -- It will be months and even years before things get back to normalif everfollowing the onslaught of Hurricane Katrina. But with the fortitude of the true American spirit, a few things started to move toward normalcy last week as shutdown pipelines started pumping oil again and the...

Will operate at zero gas, merchandise margin in response to disaster
Lifting taxes, monitoring prices, states looking out for consumers
Deal creates largest North American refining company
Marketers, retailers await solutions to the gasoline retailing mess
Oil company wins insurance suit over definition of occurrence
Pumps allowed to display half-gallon prices temporarily
Katrina keeps consumers, refiners guessing about the future