Email
Password
Remember meForgot password?
Log in with Facebook Log in with Twitter
Connect your Digital Journal account with Facebook or Twitter to use this feature.

Crude oil News

Train carrying crude oil derails in Virginia, raising concerns

Lynchburg - A CSX Corp. train carrying crude oil derailed in downtown Lynchburg, Virginia on Wednesday. Approximately 12 to 14 tanker cars were involved in the accident, with several of the cars bursting into flames, dumping oil into the James River.

Algae converted to crude oil in less than one hour

Scientists have replicated the process whereby fossil fuels were created. Instead of this taking several millennia the process has been completed in under sixty minutes.

Canadian train derails, 575 barrels of crude oil spilled in Sask.

A train derailment in the Canadian province of Saskatchewan has lead to an oil spill. Five cars carrying oil derailed near the town of Jansen but just one spilled oil. The amount spilled was 575 barrels of Western crude.

Keystone not likely to impact rate of development of oil sands

Washington - The US State Department released its "Draft Supplemental Environmental Impact Statement" on the XL Keystone pipeline. The report finds that denial or approval of the pipeline is unlikely to significantly impact the rate of development of the oil sands

Azerbaijan offers crude oil bathing treatments to treat illness

Baku - Oil rich Azerbaijan has so much black gold floating around that petroleum spas offer expensive treatments where the wealthy immerse themselves in baths of crude oil.

Oil prices reach a 2.5-year high amid Middle East turmoil

Oil prices hit a two-and-a-half year high on Thursday, but pulled back late in the session. Brent crude closed at $111.36, up 11 cents while West Texas crude, the US benchmark, closed at $97.28, down 82 cents.

International Energy Agency calls for an end to oil subsidies

London - The International Energy Agency (IEA) has released its World Energy Outlook 2010, forecasting energy use, production, investment and trading into 2035. The Agency has zeroed in on greenhouse gas emissions.

Ecuador comes up with unique oil plan - leave it in the ground

Quito - Ecuador has as-yet untapped crude oil resources, and an estimated 846 million barrels lie below a very special place called the Yasuni National Park.

Scientist plans to put crude into Arctic ocean to test clean-up

The Department of Fisheries and Oceans is behind a plan to dump up to 1,200 liters of crude oil in the Arctic Ocean in a bid to test clean-up responses.

450,000 Gallons of crude oil spilled into Port of Port Arthur

A tank ship filled with crude oil collided into two barges being towed by a tug boat, which saw 450,000 gallons (1.7 million liters) of crude oil spill into Port of Port Arthur.

Revolutionary discovery means world may not run out of crude

A team of scientists based at the Royal Institute of Technology in Sweden have made a "revolutionary" discovery about how hydrocarbon is formed, learning that animal and plant fossils are not necessary to form crude oil.

Gasoline prices rise for 50th straight day

With crude oil prices on the rise - reflecting production crimping and a weaker U.S. dollar - gasoline prices have been on a steady march upward.

Op-Ed: It's Now Official, We Are Being Ripped Off by High Gas Prices

As the price of crude oil drops, the price at the pumps keeps on going up and up. In my mind, it has become official: We are being totally ripped off and I want to know what are you going to do about it.

Oil Prices Raising to Over $86

Not surprisingly, oil prices have once again reached an all time high. Just over the weekend crude oil prices rose $2.44, from $83.69 to $86.13. Crude oil production continues to fall while the demand rises - not a good combination.

Firms Crimping Oil Supplies

An AP analysis and a Pew Research Center poll found in October find. The Pew Research Center is a nonpartisan "fact tank" based in Washington, DC, that provides information on the issues, attitudes and trends shaping the USA and the world.
 

Search Digital Journal Archives


Set up a news alert for

Crude oil


Crude oil Image

Scene from the CXS train derailment in Lynchburg  Virginia on April 30  2014.
Scene from the CXS train derailment in Lynchburg, Virginia on April 30, 2014.
YouTube / ABC13