Oil companies News

Zeta Threatens to Hit New Orleans With Powerful Wind, Floods

Hurricane Zeta is strengthening as it whirls across the Gulf of Mexico, threatening to slam the Louisiana coast south of New Orleans tonight with 90-mile-per-hour winds, massive power outages and floods. It’s expected to come ashore about 7 p.m. local …

Overflowing Oil Tanks Have Traders Eyeing Rail Cars for Storage

Oil companies are turning to rail cars to stash the crude they can’t sell, as the world runs out of places to store a growing glut of cheap barrels. North American producers, refiners and traders are now looking to store …