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  • But many experts say a major legislative overhaul, which would need approval in Congress, is unlikely with an election less than two years away. While acknowledging delays created uncertainty in the ethanol market, Acting Assistant Administrator Janet McCabe reaffirmed the agency's stance that the new targets sought to ensure growth of the U.S. renewable...

  • WASHINGTON, June 18- U.S. lawmakers will grill the nation's environmental regulator over its handling of a controversial renewable fuels program at a hearing on Thursday, the first since new biofuels targets provoked a furor among corn farmers and oil refiners. But many experts say a major legislative overhaul, which would need approval in Congress, is...

  • But many experts say a major legislative overhaul, which would need approval in Congress, is unlikely with an election less than two years away. Still, senior Environmental Protection Agency official Janet McCabe will likely face tough questions from the group of 10 senators about years-long delays to the biofuels quotas and the future of the decade-old...

  • HOUSTON, June 11- Motiva Enterprises said on Thursday it aims to trade its own gasoline, diesel and the components needed to make them in a new organization separate from its co-owner, Royal Dutch Shell. "With this change, we hope to provide greater value to them through more active participation in the market," Motiva Chief Executive Dan Romasko said in the...

  • NEW YORK, June 1- The Obama administration has found an unlikely ally in its efforts to keep pushing more biofuel into the nation's gasoline supply: OPEC. "The market incentives are there for ethanol, without this proposal, said Scott Irwin, a professor of agricultural economics at the University of Illinois. The current pace of demand would put ethanol use at some...

  • The Environmental Protection Agency raised its previous targets for the amount of biofuels to be mixed into motor fuel for the three years to 2016. As expected, the proposed goal was short of the aggressive targets set by Congress in a 2007 law. The EPA proposal was a year and a half behind schedule and followed years of uncertainty over the Renewable Fuel...

  • As expected, the goal fell short of the amount required by Congress in a 2007 law. The EPA did not cut the ethanol blending target as much as it did in its previous plan. The oil industry has lobbied fiercely against increased blending requirements, and its trade group said on Friday it would go to Congress to push for an overhaul of the policy.

  • The U.S. Environmental Protection Agency has promised to unveil its proposal for how much biofuel must be blended into the nation's fuel supply for the years 2015 and 2016, and to revise previously proposed volumes for 2014 by June 1. Though the law laid out volumetric standards, the EPA is tasked with specific volumetric biofuel blending goals each year, a...

  • HOUSTON, May 18- U.S. refiner Tesoro Corp has ordered new crude oil railcars with features that surpass safety standards that federal regulators set this month, executives told Reuters. The 210 tank cars being built in northern Louisiana are so-called pressure cars, with the same design as those that carry liquid petroleum gases such as propane and butane, gas...

  • Tesoro cancels Utah crude pipeline project Monday, 11 May 2015 | 6:15 PM ET

    HOUSTON, May 11- Tesoro Corp has canceled a crude pipeline project in Utah because of low oil prices and economic challenges, the company said on Monday. Tesoro had proposed the pipeline to move black waxy crude produced in Utah's Uinta Basin to Salt Lake City- area refineries. Tesoro recently finished the second phase of a $275 million conversion project at its...

  • SAN FRANCISCO, May 8- A 52- day labor strike that led to a shutdown at Tesoro Corp's refinery in Martinez, California, helped boost the company's bottom line last quarter, the company's chief executive said on Friday, prompting cries that the state's gasoline market needs to be reformed. California wholesale gasoline prices rose at their quickest week-on-week...

  • What matters to markets this week Monday, 4 May 2015 | 6:00 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • Jobs report is big but watch out for Europe Friday, 1 May 2015 | 7:21 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • SAN FRANCISCO, April 17- Conservation groups filed a lawsuit against California on Friday, saying the state did not adequately consider environmental factors when it approved a 30- year lease last month for a marine terminal at Tesoro Corp's refinery near San Francisco Bay. The Center for Biological Diversity and Communities for a Better Environment said...

  • SAN FRANCISCO, April 16- California imports of Bakken crude oil from North Dakota on barges totaled a record 1.5 million barrels last year, 27 percent greater than the amount that reached the state by rail, the California Energy Commission told Reuters on Thursday. To get the low-cost Bakken crude to California refineries, producers load it onto trains in North...

  • SAN FRANCISCO, April 9- California motorists paid an average of 90 cents more per gallon of gasoline than the national average last month, a record high, the California Energy Commission said on Thursday. The wide price disparity was primarily due to a lack of output from two key refineries- Tesoro Corp's Golden Eagle in Martinez, which halted production due to a...

  • 8 best stocks to outfox the market Thursday, 9 Apr 2015 | 10:05 AM ET
    Traders on the floor of the New York Stock Exchange.

    Finding cheap stocks isn't easy anymore. You'll need to be a bit more sly to outfox the market, reports USA Today.

  • These energy stocks are rooting against crude oil Wednesday, 8 Apr 2015 | 6:00 AM ET
    Valero Energy refinery

    As oil bounces off the lows, not every energy name is along for the ride. Here are the stocks that could "overshoot to the downside" now.

  • Here's how to play oil's volatility Tuesday, 7 Apr 2015 | 7:04 PM ET
    An oil well owned an operated by Apache Corp. in the Permian Basin, Garden City, Texas.

    Following news of a possible merger between Royal Dutch Shell and BG Group, CNBC's Fast Money traders said now my be a good time to play oil.

  • 5 stocks to buy on oil's high supply Thursday, 2 Apr 2015 | 6:42 PM ET
    An oil well owned an operated by Apache Corp. in the Permian Basin, Garden City, Texas.

    "Fast Money" traders discussed how to play the Iran nuclear agreement's effect on an already heavily supplied oil market.