The average retail gasoline price in Japan as of Monday fell ¥1 from a week before to ¥130.9 per liter, down for the 13th consecutive week, the Agency for Natural Resources and Energy said Wednesday. Crude oil prices have dropped to historically low levels, reflecting ...
Major Japanese oil distributor JXTG Holdings Inc. said Thursday it will change its name to Eneos Holdings Inc. in June 2020. Its core unit, refinery and gas station operator JXTG Nippon Oil & Energy Corp., will be renamed Eneos Corp. also next June. The rebranding is ...
Bolivian police and military forces used armored vehicles and helicopters to unblock access to a major gas plant in the city of El Alto on Tuesday, a show of strength after blockades at the facility had cut off fuel supply to nearby La Paz. Helicopters ...
Japanese government to tighten gasoline sale rules after Kyoto arson attack
The government will tighten rules on the sale of gasoline following a deadly arson attack on a Kyoto Animation Co. studio in July, officials said Saturday. The Fire and Disaster Management Agency will revise an ordinance and oblige gas stations and other sellers to conduct ...
Drivers running on empty say Mexico must fix fuel shortage blamed on massive theft
Hugo Ramirez Sanchez walked an hour to find an open fuel station in the Cuauhtemoc neighborhood of Mexico City, after his car ran out of gasoline. Jorge Mendoza had a stressful 50-minute drive from his home on an almost empty tank. Across central Mexico, drivers ...
French pair invent plastic-to-fuel recycling system fit for African bush
A French actor and a self-taught inventor have designed a low-tech machine that converts plastic waste into diesel and gasoline, which they say could help fight pollution and provide fuel for remote communities in developing countries. Proponents of plastics-to-fuel technology say the sector could be ...
U.S. consumer inflation rises but falling oil prices may slow momentum
U.S. consumer prices increased by the most in nine months in October amid gains in the cost of gasoline and rents, pointing to steadily rising inflation that likely will keep the Federal Reserve on track to raise interest rates again next month. Though overall inflation ...
Liter of regular hits ¥151 in Japan, highest gas price since December 2014
The retail price for regular gasoline is at its highest level since December 2014, the Agency for Natural Resources and Energy said Wednesday. The price had topped ¥151 per liter as of Monday, up ¥1.90 from May 21, on speculation that Iranian oil exports will ...
Nissan says new VC-T gasoline engine could make diesels obsolete
Nissan Motor Co. has come up with a new type of gasoline engine that it says may make some advanced diesel engines obsolete. The new engine uses variable compression technology, which Nissan engineers say allows it at any given moment to choose an optimal compression ...
FTC warns Costco Japan, Baron Park for engaging in gasoline price war
The nation's antimonopoly watchdog has issued a warning to two gasoline retailers, including the Japanese unit of U.S. retailer Costco Wholesale Corp., over a price war that it said could have threatened the activities of competitors. Costco Wholesale Japan Ltd. and Japanese oil products retailer ...
Mazda plans gas fuel efficiency boost to 50 km per liter by 2020 or later
Mazda Motor Corp. aims to enhance the average fuel efficiency of its cars to 45 to 50 km per liter in 2020 or later as part of its efforts to reduce carbon dioxide emissions, according to Chairman Seita Kanai. Kanai said in an interview with ...
