Reuters NEW DELHI – India plans to completely fill its strategic petroleum reserve (SPR) by the third week of May by moving about 19 million barrels into the sites by then, the managing director of the country’s SPR said on Tuesday. India is moving the oil to the SPR to help the country’s refineries reduce their excess crude as the
Reuters NEW YORK – U.S. crude prices rose slightly on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, but government data shows the coronavirus pandemic started to hurt U.S. fuel demand last week. Demand for oil products, especially jet fuel, is falling dramatically as governments globally announce nationwide lockdowns to slow the spread of coronavirus. Fuel
By Tyler Losier, Energy Reporter, Oil & Gas 360 Iranian Revolutionary Guard seizes foreign tanker, claims it was smuggling fuel Iran’s Islamic Revolutionary Guard Corps Navy has reportedly seized a foreign oil tanker traveling through the Strait of Hormuz, claiming that the ship was attempting to smuggle Iranian oil out of the country. Based on a series of videos released
Fuel efficiency gains slowed by popularity of SUVs, trucks
But here’s why they won’t affect capacity anytime soon From CCJ According to preliminary numbers from FTR, July orders for Class 8 trucks set a new monthly record, landing at 52,250 and pushing orders from the prior 12 months to a whopping 445,000 as fleets hustle to find breathing room amid the industry’s record-tight capacity. However, the upswell in orders is unlikely
From CCJ Shell Lubricants and Airflow Truck Company announced the results of the Starship Initiative demonstration run, a six-day, 2,410-mile trip along Interstate 10 from San Diego to Jacksonville, Fla. While the Starship’s fuel economy averaged 8.94 mpg, it achieved a freight ton efficiency average of 178.4 ton-miles per gallon, a 248 percent improvement over the on-highway Class 8 industry
The Energy Independence and Security Act of 2007 (EISA) set yearly RFS volume requirements for each renewable fuel category. EPA updates volume requirements each year based on fuel availability. The RFS is a federal program that requires transportation fuel that is sold in the United States to contain a minimum volume of renewable fuels. It’s known as the renewable fuel
International Maritime Organization legislation looks to lower emissions from ships to 0.5% from 3.5% by 2020 A push for cleaner fuels in the world’s maritime industry could drastically change the appetite of the world’s refineries, and the producers of heavy crude oil. By 2020, ships around the world will have to cut their sulfur emissions to 0.5% from 3.5% currently,
Global Energy Management Open House for Energy Professionals on April 14th The University of Colorado Denver Business School’s Global Energy Management (GEM) program is set to launch its 16th new class, which it calls “cohorts,” in July. In advance of that, tomorrow evening, April 14th, the University of Colorado Denver Business School is hosting a free open house for energy professionals.
Hybrid Online Master’s Program Appeals to Industry Professionals Worldwide – Open House April 14th The University of Colorado Denver Business School’s Global Energy Management (GEM) program is set to launch its 16th new class, which it calls “cohorts,” in July. The 18-month Master of Science program is focused 100% on the business side of the energy industry, and the program
Increased vehicle fuel efficiencies keeping gasoline consumption low despite increased U.S. mileage Travel by vehicle is up almost 4% from its previous peak in 2007 in the U.S., but motor gasoline consumption remains below previous highs due to increased fuel efficiencies, reports the Energy Information Administration. Improvements in light-duty vehicle fuel economy have been the primary source for lower consumption
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