Assailants torched more than 20 tankers in Pakistan carrying fuel for U.S. and NATO troops in neighboring Afghanistan on Thursday, in the first reported attack since Islamabad closed the border to protest coalition airstrikes that killed 24 Pakistani troops last month. More »
Crews are removing oil from two pipelines containing 1,000 barrels after a retaining wall at an Enterprise Products Partners LP dock in Texas City, Texas, partially collapsed, the U.S. Coast Guard said in a statement posted on its website. More »
A state of Alaska petroleum lease sale took in just under $21 million in high bids on the North Slope and in nearshore waters of the Beaufort Sea, a step Gov. Sean Parnell hopes will help increase the volume of crude oil in the trans-Alaska pipeline. More »
CME Group Inc., the world’s largest futures exchange, said it’s considering developing an oil futures contract for light, sweet crude brought to the U.S. Gulf Coast by the Seaway and Eagle Ford pipelines. More »
Royal Dutch Shell PLC and Italian oil firm Eni SpA have purchased rights to an offshore oil field near Nigeria’s coast that could hold as much as 9 billion barrels of oil, the companies said today. More »
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