On March 8, 2022, President Biden signed an Executive Order (E.O.) to ban the import of Russian oil, liquefied natural gas and coal to the United States. This is a significant action with widespread bipartisan support that will target “the main artery of Russia’s economy.” “We’re banning all imports of Russian oil and gas and…

Shell recently announced plans to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG). The withdraw will occur in a phased manner, aligned with new government guidance. As an immediate first step, the company will stop all spot purchases of Russian crude oil. It will…

Alimentation Couche-Tard announced that it is suspending its operations in Russia, effective immediately. Couche-Tard is implementing plans to take care of its employees in a responsible and safe manner. “We condemn Russia’s aggression against Ukraine and the huge human impact it is having for both Ukrainians and Russians. As such, we have made the decision…

Marathon Petroleum Corp. (MPC) announced it has entered into definitive agreements to form a joint venture with renewable energy company Neste for Marathon’s Martinez renewable fuels project, which will convert its refinery in Martinez, Calif., to the processing of renewable diesel fuel. The partnership will be structured as a 50/50 joint venture with Neste expected…

San Francisco became the first major U.S. city to reach an average gas price of $5 per gallon, according to GasBuddy. Prices have continued to increase in the area since October 2021, when San Francisco first broke its all-time record high of $4.73 per gallon. The majority of U.S. states and cities have seen price…

Shell has announced it has appointed longtime executive Ed Daniels to its sustainability and corporate relations director post. In the new role, Daniels will become a member of Shell’s executive committee and will have accountability for the company’s existing strategy, sustainability and corporate relations organizations. “Now is the right moment to bring these three strategic…

PDI, a global provider of enterprise management software for the convenience retail and petroleum wholesale industries, has recently acquired GreenPrint. GreenPrint will become the foundation of the newly established PDI Sustainability Solutions practice, leveraging the company’s expertise to continue building a portfolio that improves business results through eco-minded innovations. Founded in 2014 and headquartered in…

Wayne Oil Co. and Wayne Petroleum Corp. was successfully sold to an undisclosed party. The sale includes its wholesale petroleum transport and delivery assets. Wayne Oil was founded in 1938 and served home heating oil and tobacco-curing customers. The current owner, John Strickland, grew the company’s businesses to include retail gas and convenience stores and…

Marathon Petroleum’s Canton, Ohio, refinery continues supporting its local community with a grant for the Child & Adolescent Behavioral Health (C&A), a nonprofit organization that provides children and families with a multitude of mental health services. The $45,000 grant will fund development of the organization’s multi-use community park, Vaughn Park, to benefit its clients and…

The oil market was roiled after Russia’s violent invasion of Ukraine, with crude spiking briefly to over $100/bbl before settling back into the mid-$90s, according to AAA. The increase in the global price of oil has led to higher pump prices in the U.S. The national average for a gallon of gas has risen to…