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Tag Archives: Oil

Leaders ask Oregon, Washington governors to ban oil-by-train

PORTLAND, Ore. (AP) — Portland and Multnomah County leaders on Tuesday urged the governors of Oregon and Washington to push Congress for a permanent ban on oil-by-rail in the wake of a fiery train derailment along the Columbia River. The June 3 derailment in the town of Mosier showed transporting oil by train is dangerous and unnecessary and should be ...

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US stocks bounce back as mining and consumer companies rise

stocks

NEW YORK (AP) — U.S. stocks are rising Wednesday morning after a four-day losing streak. Mining companies and consumer stocks are making some of the largest gains. Energy companies are falling as the price of oil continues to slide. KEEPING SCORE: The Dow Jones industrial average rose 53 points, or 0.3 percent, to 17,728 as of 9:52 a.m. Eastern time. ...

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Gas prices spiking in Ohio as summer road trip season begins

COLUMBUS, Ohio (AP) — Ohio motorists surely have noticed that the cheap gas prices from earlier this year are now but a distant memory. Pump prices are on the rise, thanks to a confluence of factors that include refinery issues, pipeline delivery disruptions and higher crude oil prices, according to the auto club AAA. As a result, average gas prices ...

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Top Eagle Ford news stories: June 3-10

Eagle Ford news, rig count, oil

Catch up on the top Eagle Ford news stories from the past week. Rising oil prices led to the first increase of the national rig count this year. 5. Colorado has 40 times more natural gas than thought DENVER (AP) — Western Colorado has 40 times more natural gas than previously thought, but an immediate boom is unlikely because of ...

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Citgo Aruba to invest $450M to $650M to reopen idle refinery

Aruba, oil refinery, Citgo

SAN JUAN, Puerto Rico (AP) — Citgo Aruba announced Saturday it will invest $450 million to $650 million to reactivate an oil refinery in Aruba that has been idle since 2012. The company said Saturday in a statement that the facility in San Nicolas will be retrofitted over the next 18 to 24 months. The refinery is expected to process ...

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US stocks retreat as banks, energy companies fall

stocks

NEW YORK (AP) — U.S. stocks are falling Thursday morning and returning some of their recent gains. Banks are skidding on the prospect of a drop in interest rates. Energy companies are slipping with the price of oil and metals companies are also down. KEEPING SCORE: The Dow Jones industrial average slid 53 points, or 0.3 percent, to 17,951 as ...

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US stocks climb with energy companies, oil hits milestone

stocks, oil, energy companies

NEW YORK (AP) — U.S. stocks continue to rise Tuesday as energy companies build on their surge from a day earlier. The price of oil surpassed $50 a barrel for the first time in almost a year. Phone companies are rising as bond yields fall. KEEPING SCORE: The Dow Jones industrial average rose 71 points, or 0.4 percent, to 17,991 ...

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French labor standoff: rail company offers deal to unions

France, airport

PARIS (AP) — With trains canceled across France on the seventh day of a nationwide strike, the SNCF national rail service has offered unions a deal to try to persuade train drivers to go back to work. The main Paris airport and most of the country’s oil refineries were also hit by blockades or strikes Tuesday, part of an extensive ...

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Anger as trains resume after Oregon derailment, fire

derailment

MOSIER, Ore. (AP) — Local politicians and residents reacted with shock and anger Monday as Union Pacific began running trains through this tiny Columbia River Gorge town just three days after a fiery derailment forced residents to evacuate and water and sewage systems to shut down. Residents shot video from an overpass of trains sliding past crumpled and burnt oil ...

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Oregon train derailment spills oil, sparks fire

derailment, Oregon

PORTLAND, Ore. (AP) — A train towing cars full of oil derailed Friday in Oregon’s scenic Columbia River Gorge, sparking a fire that sent a plume of black smoke high into the sky. The accident happened around noon near the town of Mosier, about 70 miles east of Portland. It involved eight cars filled with oil, and one was burning, ...

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