Not sure this helps, but:
From one website (dated early 90s):
Engine oils categorized as Energy Conserving are formulated to improve the fuel economy of passenger cars, vans and light-duty trucks. These oils have produced a fuel economy improvement of 1.5 percent or greater over a standard reference oil in a standard test procedure. Oils meeting this requirement display the Energy Conserving label in the lower portion of the doughnut-shaped API Service Symbol.
Engine oils categorized as Energy Conserving II are formulated to improve the fuel economy of passenger cars, vans and light-duty trucks. These oils have produced a fuel economy improvement of 2.7 percent or greater over a standard reference oil in a standard test procedure. Oils meeting this requirement display the Energy Conserving II label in the lower portion of the doughnut-shaped API Service Symbol.
From another website:
After August1, 1997 only SJ oils will be designated as "Energy Conserving". The test for SH in combination with "Energy Conserving" and "Energy Conserving II" will not exist.