Breaking News

The 31 Member Countries of the Governing Board of the International Energy Agency agreed today to release 60 million barrels of oil from their emergency reserves to send a unified and strong message to global oil markets that there will be no shortfall in supplies as a result of Russia’s invasion of Ukraine. Today’s Extraordinary Governing Board meeting, held at ...

Russian forces invaded Ukraine today, and oil surged above $100 a barrel, news outlets reported. The price of oil increased to as much as $105 per barrel, news outlets reported. European natural gas futures climbed sharply, and stock indexes fell, according to news reports.

F. F. Hitchcock Oil Co., Cheshire, Conn., acquired Roberts Energy’s residential heating oil delivery business, marketed under the trade name Superior Fuel (along with its companion brand Amodeo Fuel) based in Waterbury, Conn., Cetane Associates announced. Superior Fuel, founded in 1947 by Salvatore Lantieri, provides heating oil delivery and HVAC installation and maintenance services to its Connecticut customers. In 2018, ...

Silverline Solutions of Winterville, NC., a provider of IT and software solutions to fuel dealers, announced that it acquired The Energy Engine. The acquisition enhances Silverline’s presence in the retail energy industry and supports its mission of delivering innovative solutions and smart, secure, and reliable technology for customers. The Energy Engine, based in Stroudsburg, PA, was founded in 2011, providing ...

Matthew J. Larabee, a longtime employee of his family’s business, Larabee Fuel Co. in New Lebanon, N.Y., died at Berkshire Medical Center on February 7. He was 55. He was born on August 21, 1966, in Pittsfield, Mass., to Malcolm and Susan (Miller) Larabee. He was a graduate of St Joseph’s High School in Pittsfield. As a youngster he collected ...

The National Oilheat Research Alliance (NORA) has announced the appointment of Michael Devine as incoming President following the retirement of current President John Huber effective March 1, 2022. Devine comes to NORA after having served as Vice President of Sales & Business Development for World Energy. As part of the Senior Management Team, he managed day to day activities for ...

The National Biodiesel Board unveiled its new name and new brand, Clean Fuels Alliance America, during the opening session of the 2022 National Biodiesel Conference & Expo. The transformation to Clean Fuels helps further the organization’s position as a proven, innovative part of America’s clean energy mix and helps the industry represent all its industry members: biodiesel, renewable diesel and ...

New York State took a major step forward on the path to net-zero emissions when Governor Kathy Hochul on Dec. 23 signed a bill phasing in a requirement for all heating oil sold in-state to contain 20% biodiesel. Once fully implemented, the new law will reduce New York’s annual petroleum diesel consumption by approximately two hundred million gallons per year, ...

U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced that USDA will make up to $800 million available to support biofuel producers and infrastructure. The announcement includes $700 million to provide economic relief to biofuel producers and restore renewable fuel markets affected by the pandemic. The Department will make the funds available through the new Biofuel Producer Program authorized by ...

Well-documented natural gas pipeline constraints, coupled with global supply chain issues related to deliveries of oil and liquefied natural gas (LNG), are placing New England’s power system at heightened risk heading into the winter season, according to ISO New England Inc., operator of the region’s power grid. The ISO expects to have the resources needed to meet consumer demand if ...