Quick Take: Oil Prices May Have Further to Fall
Oil bulls got another piece of bad news March 16 from an unlikely source: the Federal Reserve.
March 17, 2015Speed Limits May Not Stop Fiery Oil Spills, Rail Chief Says
Lower speed limits for railroads may be ineffective at keeping oil trains on the tracks and preventing massive fireballs, such as those triggered in a series of recent derailments, the chief U.S. railroad regulator said.
March 16, 2015Trains Carrying Crude in Canada to Face Tougher Safety Standards
Canada is strengthening proposed new safety standards for rail cars carrying crude oil, requiring thicker steel and other improvements after a 2013 derailment killed 47 people.
March 12, 2015CN Rail, BNSF Tackle Accidents as Group Seeks Ban on Oil Trains
Canadian National Railway Co. is building a 1,500-foot long track to bypass a burning train that derailed March 7 in northern Ontario, while BNSF Railway Co. crews are working to reopen track in rural Illinois after a train carrying oil derailed March 5.
March 9, 2015Oil Train Derails in Illinois
A BNSF Railway Co. train carrying 103 cars of crude oil derailed in rural Illinois March 5 and U.S. regulators said a fire had broken out. There were no reports of injuries.
March 6, 2015Type of Oil Car in West Virginia Fire May Be Rolling for Years
Oil tank cars like those that ruptured in a train derailment in rural West Virginia on Feb. 16, sending a massive fireball into the sky and forcing evacuation of nearby homes, could be rolling through U.S. cities for years to come.
February 19, 2015Oil Train Crash Adds Pressure for New Safety Standards
Video images of a fireball billowing from the wreckage of a derailed train hauling Bakken crude are adding to pressure on federal regulators to act on new safety standards for oil shipments.
February 18, 2015Oil Rises as Workers Strike at Nine Refineries
Oil climbed to over $50 a barrel Monday as workers at some of the nation’s refineries began strike action.
February 2, 2015Oil Declines From One-Week High to Near $50 a Barrel
Oil declined from a one-week high in London and New York as Iraqi production advanced to a record, compounding a global supply surplus.
January 20, 2015Time to Call a Bottom? Oil Futures Surge
Crude oil surged the most in more than 2 1/2 years Jan. 14 after falling to the lowest since 2009.
January 14, 2015