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Oil Heads for Weekly Decline Amid Record U.S. Crude Stockpiles

2015-02-20 12:05:08| Oil & Gas - Topix.net

Futures gained as much as 1.3 percent before trading lower in New York. Crude inventories climbed to 425.6 million barrels through Feb. 13, the highest level in weekly records compiled by the Energy Information Administration since August 1982.

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CSX plans to bypass crude train derailment site: state officials

2015-02-20 11:15:17| Railroads - Topix.net

CSX has notified state officials of its plans to bypass the scene of a crude train derailment and continue delivering oil to a terminal on the Virginia coast, emergency management officials from Virginia and West Virginia said Wednesday. Firefighters inspect derailed train cars after CSX Corp train derailed in Mount Carbon, West Virginia pictured across the Kanawha River in Boomer, West Virginia February 16, 2015.

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Oil drops towards $60 on record US crude stocks

2015-02-20 01:00:00| Offshore Technology

The price of Brent crude oil fell towards $60 a barrel on Friday after US Government data showed crude stocks hit a record high last week.

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Oil drops on rise of US crude inventories

2015-02-19 01:00:00| Offshore Technology

The price of Brent crude oil dropped below $60 a barrel today after an increase in US crude inventories.

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Water Treatment Plants Scramble After Train Carrying Crude Oil Explodes

2015-02-18 09:54:49| oilandgasonline Home Page

A CSX-owned train carrying millions of pounds of crude oil derailed and exploded Monday afternoon in West Virginia, leaking its contents near the Kanawha River, a drinking water source for two counties.

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