(Kimberly White/Bloomberg News)

Fuel-thirsty California looks to Eastern Canada, Asia for supply

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Tankers are bound for California after a spate of refinery shutdowns that propelled the premium for the state’s special blend of gasoline to a seasonal record.
Photographer: Rich Press.

How Europe’s oil companies are profiting from the slump

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Although better known for their oil fields, refineries, and petrol stations, BP Plc, Royal Dutch Shell Plc and Total SA are also the world’s biggest oil traders.
This July 8, 2013 file photo provided by Surete du Quebec, shows debris from a runaway train in Lac-Megantic, Quebec, Canada. (AP Photo/Surete du Quebec, The Canadian Press,File)

Trains carrying crude in Canada to face tougher safety standards

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The latest Transport Canada proposals, published online Wednesday, go beyond earlier announcements by requiring rail cars carrying crude to have thicker steel, full “head shields,” mandatory thermal “jacket” protection among other upgrades.
(AP Photo/Gerald Herbert, File)

From Canadian to Californian crude, big carbon differences found

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The new oil-climate index delves into the greenhouse gas emissions associated with the wide spectrum of oil produced today — from light, gassy condensate to thick, sludgy bitumen.
(AP Photo/The Billings Gazette, Casey Page)

Oil cleanup on Yellowstone River on hold until ice melts

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Cleanup work on the spill upstream of Glendive remains on hold due to ice with only about 10 percent of the oil recovered.
(Photo by Joe Raedle/Getty Images)

U.S. crude stores up by 4.5 million barrels

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The Energy Information Administration said Wednesday crude inventories jumped to 448.9 million barrels for the week ending March 6. Analysts, according to data compiled by Bloomberg, had anticipated an increase in stores of 4.75 million barrels.
Saudi King Salman on  Tuesday, March 10, 2015. (AP Photo/SPA)

Saudi king vows development, stability despite low oil price

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Salman, 79, said the kingdom would continue oil and gas exploration, despite crude prices being nearly half of what they were last summer.
(Daniel Acker/Bloomberg)

EIA: Eagle Ford production will slow in April

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Oil production from the six largest shale plays in the U.S. will hit 5.6 million barrels per day in April, an increase of less than 300 barrels per day over March.
Chevron CEO John S. Watson in Houston in April 2014. (Mayra Beltran/Houston Chronicle)

Chevron to sell $15 billion of assets, cut spending amid price slump

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Chevron said it would put about $15 billion of assets up for sale through 2017 — up from a previous $10 billion target — and cut capital spending incrementally to roughly $30 billion in 2017.
(DEwira/AFP/Getty Images)

OPEC keeping oil policy unless others cut, former energy minister says

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OPEC is scheduled to next meet in Vienna in June, seven months after deciding to maintain output levels and protect market share.