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Chemicals & Energy: Page 71

Diesel-Tax Holidays Are Meant to Help Truckers — But They're Not Celebrating

The move by some states to soothe the sting of soaring fuel prices by temporarily suspending diesel fuel taxes has some unlikely opponents: truckers, the very people it’s supposed to help.

Trucks refuel at a gas station. Photo: Getty Images.

Russian Oil Seeps Into Global Market, Easing Supply Fears for Now

Millions of barrels of Russian oil are still finding a way to buyers almost a month after the country first invaded Ukraine.

Oil drums containing lubricant oil sit on a conveyor belt as they are prepared for shipping at the Royal Dutch Shell Plc lubricants blending plant in Torzhok, Russia. Photo: Bloomberg.

Europe Can Endure Painful Transition to Live Without Russian Oil

The European Union would endure a short and painful transition if it halted Russian oil and coal imports, but with the help of its international partners the bloc could end its dependence on Moscow, a new study shows.

Pipework inside a gas storage facility in Kasimov, Russia. Photo: Bloomberg.

U.S. Battery Strategy Aims to Ease Transition From Coal

Energy Secretary Jennifer Granholm and Senator Joe Manchin announced a program to develop lithium batteries in the U.S. as part of a broader strategy to help Appalachia amid a transition away from coal.

Lithium ore falls from a chute onto a stockpile at Bald Hill Lithium and Tantalum Mine outside of Widgiemooltha, Australia. Photo: Bloomberg.

Europe Burns More Coal to Wean Off Russian Gas

European utilities are getting increasingly reliant on coal for power as the region tries to reduce its dependence on Russian natural gas.

Europes Coal Use

Fuel-Price Hikes Hit Shippers, Truckers Across U.S. Economy

Soaring U.S. energy prices are hitting all modes of transport, squeezing smaller shipping lines amid already-volatile ocean rates, as well as truckers who have to contend with delays in clawing back higher costs.

Freight trucks drive on a highway. Photo: Stefan Doncean/ Pexels.

Russia Bans Export of 200 Products After Suffering Sanctions Hit

Russia announced an export ban for more than 200 products after the economy was hit by sanctions over the invasion of Ukraine. It stopped short of curbing sales of energy and raw materials, the country’s biggest contribution to global trade.

Russian Exports

U.S. Oil Production Will Cushion Price Hit to Economy, Eventually

Any increased capital spending by U.S. oil and gas producers in response to the surge in crude price should help soften the blow to the economy from an expected pullback in consumer spending. It just won’t be anytime soon.

Trucks refuel at a gas station. Photo: Getty Images.

Can Europe Weaken Putin’s Power Over Global Energy?

The war in Ukraine has already revealed that the modern financial system can be weaponized in ways never before seen. Now the same might be true of the energy transition.

Salt mounds at a lithium mine in Jujuy, Argentina. Photo: Getty.

U.S. Eyes Strict Emissions Rules for Heavy-Duty Trucks

The Biden administration is moving to enact stringent new emissions regulations for large trucks that have been operating for more than a decade under standards environmentalists complain are too lax.

Trucks enter and exit the Port of Los Angeles in Los Angeles, California. Photo: Bloomberg.

Why $100 a Barrel Oil Could Be Bad for the Energy Transition

With oil costing more than $100 a barrel, and Russia’s war in Ukraine underscoring the risk of relying on fossil fuel, it would seem like a great time to speed up the transition away from the polluting fuel. The reality isn’t so simple.

An oil pumping jack in an oil field in Kansas, U.S. Photo: Bloomberg.

Big Oil Walks Away After Decades in Russia

First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves out of the world’s largest energy exporter, probably forever.

Oil drums containing lubricant oil sit on a conveyor belt as they are prepared for shipping at the Royal Dutch Shell Plc lubricants blending plant in Torzhok, Russia. Photo: Bloomberg.

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