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Today's Brent crude remains steady, but close to worst low since December

2013-04-05 01:00:00| Offshore Technology

Brent prices were steady today, but stayed close to their worst drop of the year because of weak US data and rising inventories, which lowered the outlook for demand.

Tags: december close low remains

 

Top 5 Reasons Transporting Tar Sands Crude is Reckless

2013-04-03 21:26:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: On March 29, Exxons Pegasus tar sands pipeline ruptured, flooding a suburban community in Mayflower, Ark. with between 150,000 and 210,000 gallons (3,500 to 5,000 barrels) of tar sands crude. According to reports, the Pegasus line was carrying Wabasca Heavy diluted bitumena toxic mix of heavy tar sands bitumen and volatile petrochemical diluents. Following the incident, Rep. Ed Markey observed: This latest pipeline incident is a troubling reminder that oil companies still have not proven...

Tags: top reasons tar crude

 
 

Groups seek probe into low-grade crude shipments to Los Angeles refineries

2013-04-03 15:35:09| Climate Ark Climate Change & Global Warming Newsfeed

LA Times: A coalition of environmental groups says it has discovered that large-scale shipments of low-quality heavy crude oil from Canada's tar sands are being delivered by rail for processing by Southern California refineries. The groups on Tuesday called for an investigation by air-quality officials to evaluate the effects on health, air quality, safety and the climate of processing the heavy Canadian crude, which requires intensive processing to remove higher levels of sulfur to meet U.S. standards....

Tags: los groups angeles seek

 

TransCanada launches binding open season for eastern oil pipeline; oil sands crude to Eastern Canada

2013-04-02 17:30:23| Green Car Congress

Tags: open canada season oil

 

China to Surpass U.S. as Worlds Top Crude Importer, OPEC Says

2013-04-02 13:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: China is on course to overtake the U.S. as the worlds top crude importer by 2014, as the Asian countrys growing refining capacity boosts demand and Americas fracking boom cuts the need for foreign oil, OPEC said today. Imports to China may surpass 6 million barrels a day by the end of this year, according to an e-mailed report from the Organization of Petroleum Exporting Countries. U.S. oil imports declined 21 percent last year, according to the U.S. Energy Information Administration. Shipments...

Tags: top china says worlds

 

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