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Exclusive: Canada railroads cut crude freight rates to lure shipments

2015-10-15 23:48:45| Railroads - Topix.net

Canadian rail companies are slashing rates for shipping crude in their first serious effort to revive an industry rocked by the rout in global oil prices, according to shippers and terminal operators who are seeing discounts of as much as 25 percent. CALGARY, Alberta/NEW YORK: Canadian rail companies are slashing rates for shipping crude in their first serious effort to revive an industry rocked by the rout in global oil prices, according to shippers and terminal operators who are seeing discounts of as much as 25 percent.

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Series of small earthquakes hit near Oklahoma crude oil storage hub

2015-10-11 22:43:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: A series of small earthquakes have been recorded across northern Oklahoma, following two moderate earthquakes in the area on Saturday. The US Geological Survey (USGS) reported that nine quakes ranging in magnitude from 2.5 to 3.7 were recorded between 5.07pm on Saturday and 5.27am on Sunday. No injuries or damage were reported. Geologists say damage is not likely in quakes below magnitude 4.0. The latest seismic activity came after a 4.5 magnitude temblor on Saturday afternoon near Cushing...

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API-Ohio Lauds Ohio Senate Vote Urging Removal Of Crude Oil Ban

2015-10-09 03:48:53| oilandgasonline Home Page

The American Petroleum Institute’s Ohio Division today welcomed passage of an Ohio Senate resolution calling for removal of the federal ban on crude oil exports. Allowing U.S. producers to access global markets is expected to add up to 15,948 jobs and $2.68Bto the Ohio economy by 2020, according to a report by ICF International.

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Prolonged Price Slump For Crude Oil, Natural Gas

2015-10-08 04:17:55| oilandgasonline Home Page

U.S. crude oil and natural gas production will continue to trend lower in the fourth quarter of this year, but both markets will likely remain oversupplied through 2016 and prices for both commodities will remain at multi-year lows.

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Milpitas council opposes plan to run crude oil trains through city

2015-10-06 13:11:06| Railroads - Topix.net

Milpitas City Council voted unanimously Sept. 15 to adopt a resolution opposing the transport of crude oil by trains along the Union Pacific Railroad lines through Milpitas.

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