Industry News & Trends

Refinery worker afflicted with cancer wins $8 million in asbestos suit.

A two-month streak of hefty increases mercifully comes to an end.

As gas prices remain high, the corn-based fuel grows in popularity.

A federal court tossed out claims accusing major tobacco companies of selling more dangerous products to minorities.

Slashing demand for gasoline is the only responsible way to fight soaring U.S. pump prices, environmentalists say.

Valero Energy Corp. and Ultramar Diamond Shamrock Corp. weren't the only two oil companies making merger news today as Williams Cos. Inc. agreed to buy oil and natural gas company Barrett Resources Corp. for approximately $2.5 billion in cash and stock.

The job cuts, meant to save $75 million a year, are in addition to an early retirement program offered to 970 workers. Those employees have until October to decide if they want to retire.

The National Association of Convenience Stores (NACS) named John Hervey chief technology officer. In this newly created position, Hervey will lead the associations technology efforts for the convenience store industry including standards, new technologies, e-commerce initiatives, and content for NACS' technology-related educational programming, particularly for the technology-focused nacs.tech conference.