crude News

Exxon Sues Energy Transfer Over Charges From Pipeline Dispute

Exxon Mobil Corp’s XTO Energy shale unit filed a breach of contract lawsuit against Energy Transfer LP over disputed payments for the Dakota Access Pipeline, according to a Texas state court filing. The suit alleges the pipeline operator hit XTO …

U.S. Charges 2 Offshore Workers Over Gulf of Mexico Oil Spills

Two Fieldwood Energy LLC oil workers face federal criminal charges for allegedly separately allowing crude oil spills from offshore U.S. Gulf of Mexico platforms to avoid required shut downs. The two were indicted Tuesday for spills in 2015 and 2018, …

Oil Eases as Producers, Refiners Avoid Worst of Hurricane

NEW YORK — Oil prices inched lower on Friday as Hurricane Laura passed the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage and companies were beginning to restart operations. Brent crude futures for …

Oil Cleanup Continues on Mauritian Coast as Liability Probed

The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident. The incident has befouled the white-sand beaches of the Mauritian coast …

Railroads Push Against Oil Industry Demands for Storage in Rail Cars

NEW YORK — Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling. Oil demand …

Keystone Oil Pipeline in North Dakota Remains Closed, Leak Source Unclear

NEW YORK, Nov 4 — The precise source of a leak on TC Energy Corp’s Keystone oil pipeline in North Dakota has not yet been identified, a spokesman for the U.S. Pipeline and Hazardous Materials Safety Administration said on Monday. …

Gasoline Surges as Fire Rips Through Philadelphia Refinery

Gasoline futures jumped the most in three months after an explosion and fire at the Philadelphia Energy Solutions oil refinery, the largest on the U.S. East Coast and a key supplier to the New York gasoline market. The fire threatens …