crude oil News

Quake Latest: Turkey Declares Three-Month State of Emergency

Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government more leeway for rescue and reconstruction efforts. Emergency teams are racing against the clock to save potentially thousands of victims …

Company Starting to Recover Oil from Kansas Pipeline Spill

OPEKA, Kan. (AP) — The company operating a pipeline that spilled about 14,000 bathtubs’ worth of oil into a Kansas creek during a test for potential problems is recovering at least a small portion of the crude. The U.S. Environmental …

Keystone Pipeline Timetable for Restart Unclear; Traders Worry About Supply

NEW YORK —Traders expressed worry on Monday about how long Canada’s TC Energy Corp’s cleanup efforts would take in order to restart its Keystone oil pipeline after more than 14,000 barrels of oil leaked last week, the largest U.S. crude …

Turkey Reaches Deal over New Crude Tanker Insurance Regulations

ISTANBUL —Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude oil tankers to present an insurance confirmation letter before transiting Turkish straits. The Turkish measures, which came into effect …

UN Says $144M Needed to Avert Yemen Tanker Disaster

CAIRO (AP) — The United Nations was seeking $144 million on Wednesday needed to fund the salvage operation of a decaying tanker full of oil moored off the coast of Yemen, a ship whose demise could cause an environmental disaster. …

No Mourners at Burial of 50 Victims of Nigeria Refinery Fire

OWERRI, Nigeria (AP) — Mourners were nowhere to be seen as gravediggers in Nigeria’s southeast town of Ohaji-Egbema used shovels to place the unidentifiable charred remains of dozens who died in an explosion at an illegal oil refinery into three …

Exxon Declares Force Majeure on Russian Sakhalin-1 Operations

Exxon Mobil Corp. said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude due to sanctions on Russia. The Sakhalin-1 project produces Russian …

2 Suspects Sought as 100 Die in Nigeria Oil Refinery Blast

ABUJA, Nigeria (AP) — At least 100 people may have died in an explosion at an illegal oil refinery in southeast Nigeria, a local oil official said Sunday as the search intensified for bodies at the site and for two …

Fire at ExxonMobil Refinery in Montana Under Investigation

BILLINGS, Mont. (AP) — The cause of an explosion and fire at an ExxonMobil refinery in southern Montana is under investigation, company officials said Sunday. The fire began at about 10 p.m. Saturday at a refinery in Lockwood, a suburb …

Peru’s ‘Worst Ecological Disaster’ Slams Small-Scale Fishing

CIUDAD PACHACUTEC, Peru (AP) — Walter de la Cruz scrambled down a large sand dune in the fog to reach a rock overlooking the Pacific Ocean, where he has fished for three decades. He cast a hook into the waters …