Carl Icahn's CVR Energy on Tuesday called off its months-long fight with Delek US Holdings, saying it would distribute its stake in the rival refiner to shareholders as part of a special dividend.
U.S. Energy Secretary Jennifer Granholm said on Tuesday there are no gasoline shortages in the wake of the Colonial Pipeline shutdown and that consumers should report any instances of price gouging of motor fuel.
The Transportation Department said on Tuesday it was evaluating whether a temporary waiver of the Jones Act is needed to ensure sufficient gasoline supply to some U.S. states after the ransomware attack on Colonial Pipeline.
Britain's biggest asset manager, Legal & General, on Tuesday said it will vote for an activist hedge fund's board slate at Exxon Mobil's shareholder meeting later this month, fueling a pitched fight over the oil major's future.
Canada's Suncor Energy will partner with utility ATCO Ltd to develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions.
U.S. crude oil production is expected to fall by 290,000 barrels per day (bpd) in 2021 to 11.02 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, a steeper decline than its previous forecast for a drop of 270,000 bpd.
Grupo Mexico is planning $3.1 billion in new investments for metals refining in Sonora state and power infrastructure for a major mine that will bring cheaper electricity to the isolated Baja peninsula, the company's No. 2 executive told Reuters.
Copper continues to rewrite the record books.
U.S. environmental regulators issued an emergency fuel waiver on Tuesday to help alleviate any shortages in reformulated gasoline in the Mid-Atlantic states as supplies tighten five days after a cyberattack shuttered the nation's biggest pipeline.
(Refiles to specify notes programme in headline and first par)
(This May 10. story corrects deal value to $2.6 billion from $1.1 billion in headline and paragraph 1)
Refiners booked at least five tankers to store gasoline stranded at U.S. Gulf Coast plants following a cyberattack that crippled the biggest fuel pipeline in the country, according to sources and shipping data on Tuesday.
European Union countries will ask the European Commission to keep national emissions targets linked to their levels of wealth as it crafts plans to overhaul EU climate policies, according to a draft document.
A small U.S. solar company, GAF Energy, said on Tuesday it would move its manufacturing out of Asia to a new facility in Silicon Valley as it seeks to develop a next-generation technology to integrate solar panels with roof shingles.
OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group's plan to gradually ease output cuts.
Japan's third-biggest steelmaker, Kobe Steel Ltd, aims to cut its CO2 emissions from its production process by 30%-40% by 2030 from 2013 levels in concert with a global push toward decarbonisation, it said on Tuesday.
Saudi Arabia, the world's top crude oil exporter, will supply full volumes of crude to most Asian refiners in June, several people with knowledge of the matter said on Tuesday.
Liquefied natural gas (LNG) may be the next commodity on China's hit list of what it won't buy from Australia, even as more signs emerge that the costs of Beijing's ban on importing Australian coal are mounting.
By Koustav Samanta, Bozorgmehr Sharafedin and Stephanie Kelly
The biggest U.S. gasoline pipeline will not resume full operations for several more days due to a ransomware cyberattack blamed on a shadowy criminal network called DarkSide.