Policy

Senators Reintroduce Ethanol-Repeal Bill

U.S. Sens. Pat Toomey (R-Pa.) and Dianne Feinstein (D-Calif.) recently reintroduced a bill that would repeal the corn-ethanol mandate under the federal Renewable Fuel Standard (RFS-2) program.

Transportation

Navistar Slashes 1Q-FY 2015 Net Losses Year-on-Year

Navistar—manufacturer of mainly diesel-powered trucks, buses and engines—has reported a $42-million net loss for its first-quarter (1Q) fiscal-year (FY) 2015, a sizeable improvement over the $248-million net loss in 1Q-FY 2014.

GTL & CTL
Carbon Capture & Storage
Transportation

US EPA Awards $3 Million To Replace Diesel School Buses

The U.S. Environmental Protection Agency (EPA) recently said its handing out grants totaling $3 million to 76 local school bus fleets in 30 U.S. states to replace 210 older school buses with new, clean-diesel school buses.

Margins & Economics

OMV Refining Margins Rise

Austria-based OMV reported that because of a hefty crude oil inventory-valuation charge, its full-year 2014 downstream division posted a loss of €250 million (US$283 million) as measured by EBIT, down from €658 million (US$745 million) EBIT profit in 2013.

Fuels