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Lifting U.S. Crude Oil Export Ban Would Cook the Planet

2014-03-03 21:54:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: A new analysis published today by Oil Change International entitled, Lifting the Ban, Cooking the Climate, shows that eliminating existing regulations on crude oil exports could result in additional greenhouse gas emissions equivalent to 42 coal fired power plants. The analysis shows that allowing crude oil exports would eliminate a current price gap between the U.S. oil price benchmark and the global average. This increased price for U.S. crude oil on the global market would incentivize increased...

Tags: export oil cook planet

 

DOT issues emergency order to crude oil rail shippers

2014-02-27 01:00:00| Hydrocarbons Technology

Companies that ship crude oil by rail are now required to test the volatility of fuel out of North Dakota's Bakken oilfields before it is transported, following an emergency order from the US Department of Transportation.

Tags: order issues oil emergency

 
 

Oil prices fall as US crude stocks likely to increase

2014-02-25 01:00:00| Offshore Technology

Oil prices fell today as investors worried that US commercial crude stocks are expected to rise with signs of winter fading, which could lead to a decrease in demand for heating fuel.

Tags: to increase prices fall

 

Crude oil above $102 as U.S. cold underpins demand

2014-02-22 01:12:03| Energy - Topix.net

The price of oil fell slightly but remained above $102 on Friday, underpinned by demand stemming from the severe winter weather in the U.S. By early afternoon in Europe, benchmark U.S. crude for April delivery was down 26 cents at $102.49 a barrel in electronic trading on the New York Mercantile Exchange.

Tags: cold oil demand crude

 

Oil prices drop slightly as US crude inventories rise

2014-02-21 01:00:00| Offshore Technology

Oil prices dropped slightly today as overall crude inventories in the US rose by almost one million barrels.

Tags: prices oil drop slightly

 

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