Tag: crude

Canada to end tankers linked to Quebec explosion

Canada said Wednesday it was phasing out the type of rail tankers involved in last summer’s massive explosion of a runaway oil train that incinerated much of a town in Quebec, killing 47 people and prompting intense public pressure to make oil trains safer.  More »

Oil slips to $102 as U.S. crude supplies seen rising

The price of oil slipped closer to $104 a barrel Monday as investors weighed expectations of rising U.S. crude stockpiles against tensions in Ukraine.  More »

Safety of oil tank cars draws scrutiny

Rail industry representatives on Tuesday told federal investigators they need clear government guidance on how to boost the safety of tank cars carrying crude oil and ethanol across the United States, lest they be penalized for making voluntary improvements that fall short of later mandates.  More »

Oil stays above $104 amid Ukraine jitters

The price of oil edged down Monday but stayed above $104 per barrel as investors watched simmering tensions in Ukraine.  More »

Oil flat near $104 despite huge stock build

More concerns about that Russia’s response to the upheaval in the Ukraine cushioned the price drop.  More »

New Democratic senator finds identity as Obama energy critic

Sen. Heidi Heitkamp fashioned herself as an independent-minded candidate as she won an upset victory in 2012. And she has carried that ethos into her second year in office, emerging as perhaps the White House’s most consistent Democratic critic on energy policy.  More »

California to see surge in oil brought in by rail

Government regulators predict a surge in U.S. oil production will means a steep increase in the number of trains carrying it to California refineries.  More »

Oil slips on weak China trade data, US supply rise

The price of oil edged slightly lower from a five-week high Thursday after China reported weak monthly trade data and U.S. crude supplies rose substantially last week.  More »

Oil settles above $103 a barrel on Ukraine unrest

The price of oil edged up closer to $103 a barrel Wednesday amid unrest in eastern Ukraine, even as a report showed a large rise in U.S. crude stockpiles.  More »

Feds fine oil company for failing to report production

The federal government is fining an Artesia oil man more than $700,000 for failing to submit reports on production on its federal leases in New Mexico.  More »

‘Age of gas’ becomes a sideshow for US producers prizing oil

The “golden age of gas” that the International Energy Agency foresees as a result of the U.S. energy boom is hardly the future being embraced by industry executives.  More »

Gulf Coast drivers to get lowest pump prices as summer gasoline drops

U.S. motorists can expect to pay about $3.57 for a gallon of gasoline this summer, about the same as last year, government economists predicted Tuesday.  More »
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