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Crude oil

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This photo provided by the U.S. Coast Guard shows a fire on the Breton Island platform on Friday, May 22, 2015 off the coast of Louisiana.  (U.S. Coast Guard via AP)

Fire on coastal Louisiana oil platform extinguished

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The Coast Guard reported that a light sheen of oil near the site appeared to be dissipating and moving away from the Breton National Wildlife Refuge on the nearby barrier islands.
(Image: Fotolia)

Costs are dropping in the Eagle Ford, producer says

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Swift gave an insightful breakdown of what it costs the company to produce oil and get it to market, as well as the level of cost-cutting companies have been making:
LOOPPipelines2

Louisiana oil port, made for import, rents domestic storage

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The Louisiana Offshore Oil Port recently auctioned 11.3 million barrels of monthly storage space and has scheduled another auction Tuesday, The Advocate reported.
(AP Photo/Dado Galdieri, File)

US works to ease Caribbean dependence on Venezuelan oil

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A decade-long addiction to oil subsidized by Venezuela may be coming to an end for several Caribbean nations, with a nudge from the United States
(ALEXANDER KLEIN/AFP/Getty Images

OPEC: Oil won’t sink to $20, but rebound will be slow

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Oil slumped almost 60 percent since June as OPEC nations continued pumping amid the highest U.S. production in more than three decades.
(StockMonkeys.com/Flickr)

TransCanada sued again by Nebraska landowners over Keystone path

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Dual complaints were filed Friday against the Calgary-based company in state courts in York and O’Neill, Nebraska, by David Domina, the lawyer whose prior effort to halt construction of the 1,179-mile conduit was defeated by a cadre of judges who ruled his clients hadn’t established their legal right to sue.
U.S. Senator John Cornyn speaks to the audience at the GOP election night party in Austin on Tuesday, Nov. 4, 2014. (Kin Man Hui/San Antonio Express-News)

Beaumont event touts benefits of Keystone XL

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Crude has long coursed from Canada to Oklahoma through the existing Keystone pipeline. Southeast Texas connected to that line in January last year when the Keystone XL southern leg ending in Nederland was complete, and Gulf Coast plants are already refining crude from Canadian fields.
KiOR's facility in Columbus, Miss. (KiOR)

KiOR says Miss. seeks to destroy it in court ploy

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Bankrupt biofuel maker KiOR and controlling shareholder Vinod Khosla say the state of Mississippi is using legal tactics in an attempt to squeeze money from the company.
Louisiana. Gov. Bobby Jindal and oil industry leaders condemned the suit as an attack on a vital industry. (AP Photo/ Richard Shiro)

Jindal appeals ‘Big Oil’ suit to high court

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A fight over whether oil companies may be sued over damage to Louisiana’s coastal marshes has been appealed to the state’s high court.
(Michael Stravato/The New York Times)

Oil traders seen storing millions of barrels at sea on slump

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Companies inquired about booking 10 very large crude carriers for storage in the past several days, Odysseus Valatsas, the chartering manager for Dynacom Tankers Management Ltd. near Athens, said by e-mail today.