A group of refiners plan to file a lawsuit challenging the Biden administration's rejection of waivers to exempt oil refiners from biofuel blending mandates which has left some on the hook for hundreds of millions of dollars, Par Pacific told Reuters on Monday.
The European Commission has closed an antitrust investigation into Belgium's Alcogroup over alleged participation in an ethanol cartel, the EU executive said on Tuesday.
The U.S. Environmental Protection Agency has recommended delaying a scheme that would give electric vehicle (EV) manufacturers tradable credits under a federal biofuel program, in a final rule that the White House will now review, two sources familiar with the matter said.
Brazil's state-run oil giant Petrobras has approved a new commercial strategy to set diesel and gasoline prices, it said on Tuesday, ditching its previous import parity policy without revealing a specific fresh pricing formula.
Brazilian state-run oil giant Petrobras is moving closer to making changes to its fuel pricing policy and executives are set meet this week to analyze a new model.