U.S. fuel demand fell in February to the lowest level for the month in 16 years as cold weather curbed driving more than it increased heating demand, the American Petroleum Institute said. Exports climbed.
The U.S. oil industry, riding a domestic energy boom, is preparing to challenge restrictions on crude exports, possibly by arguing that limits designed to keep petroleum in America may violate international trade rules.
InsideClimateNews.org — A well-heeled coalition of investors is asking top fossil fuel companies to calculate the risks of plowing billions into new oil, gas and coal projects. They fear that carbon emission limits and slowing demand will turn them into bad investments that leave investors worse off.