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Oil prices climb as US crude inventories drop

2014-05-21 01:00:00| Offshore Technology

Oil prices rose today as US industry data showed a fall in crude inventories in the week ending 16 May.

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US crude oil production soars, but what does it mean for Americans?

2014-05-20 13:57:00| Climate Ark Climate Change & Global Warming Newsfeed

BizPac: Data just released by the Energy Information Agency reveals that U.S. crude oil production peaked to 8.248 million barrels per day last week, a 28-year high, thanks to the success of horizontal drilling and hydraulic fracking in North Dakota and Texas. Yet prices at the pump remain stubbornly high. What gives? A number of factors come into play, including persistent high demand, limited refining capacity, geopolitical instability, and speculation on the international market, according to Bloomberg...

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Todays oil prices drop as US crude inventories rise

2014-05-15 01:00:00| Offshore Technology

Oil prices dropped today following a rise in US crude inventories, prompting concerns over crude oil demand.

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6 cars of oil crude train derail in Colorado

2014-05-10 02:46:33| Railroads - Topix.net

Crews from Union Pacific Railroad worked to clear a six-car oil train derailment that leaked some crude into a ditch Friday in northern Colorado.

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Thousands of Crude Oil Gallons Spill Into James River as Train Derails in Virginia

2014-05-01 16:08:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: Thick smoke covered a Virginia town Wednesday after a CSX train derailed and thousands of gallons of crude oil spilled into the James River. The City Of Lynchburg said that the train was carrying crude oil and three or four of its 13 cars were destroyed. "There is some spillage in the river of crude oil," Lynchburg city spokeswoman LuAnn Hunt told the Richmond Times-Dispatch. ABC 13 in Lynchburg reported that at least 50,000 gallons of the oil that heading to Yorktown, VA went missing. ...

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