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Tag Archives: crude oil

Crude Oil Update

stock market

Oil Inventories Crude oil prices held above $97 per barrel Wednesday with gains held in check by a U.S. stockpile report that showed a marginal build up. The Energy Information Administration said crude oil inventories rose by 400,000 barrels in the week ending Friday. At 358.1 million barrels, supplies remained in the upper half of the average range for this ...

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2 Minnesota lawmakers propose fee on oil crude transportation from western ND

crude train

By: Don Davis ST. PAUL – Improved crude oil safety measures should be funded by charging 1 cent per 100 gallons on all crude transported in Minnesota, the state Legislature’s transportation finance chairmen said Wednesday. “This particular oil is especially volatile and as we have seen through recent catastrophic accidents in North Dakota and Quebec, our communities and neighborhoods are at ...

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Shippers, oil companies look for ways to make crude-by-rail shipments safer

oil rig

By: Kyle Potter, INFORUM WASHINGTON – As regulations to strengthen tank cars hauling oil hit bureaucratic snags, federal officials say railroad and shipping companies are taking voluntary steps to make crude-by-rail shipments safer. In a conference call Thursday after meeting with industry representatives, Department of Transportation Secretary Anthony Foxx said railroads, shippers and oil companies will spend the next month researching ...

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Letter: State has downplayed the danger in oilfields

danger

By: Don Morrison, INFORUM Members of Dakota Resource Council are thankful no one was hurt in the explosion of the train carrying North Dakota oil just outside of Casselton, N.D. State officials have spent years downplaying the possibility that there may be problems in our oilfields. They have appeared to be more concerned with the oil industry than with the health, ...

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North Dakota crash was one of biggest oil spills on rails in U.S.

Photo credit Shawn Rode

By: Archie Ingersoll, Forum News Service CASSELTON, N.D. — A fiery train crash last month near here caused tank cars to lose more than 400,000 gallons of crude oil, the country’s largest oil spill from a train in decades, according to federal authorities. A preliminary investigation report released Monday by the National Transportation Safety Board said 18 of the 20 tank ...

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Initial NTSB report says 18 of 20 oil tank cars punctured in fiery Casselton … – In-Forum

train

By: Archie Ingersoll, INFORUM CASSELTON – Nearly all of the tank cars involved in a fiery train crash near here last month punctured in the wreck, spilling more than 400,000 gallons of crude oil and causing $6.1 million in damage, according to a preliminary report released Monday by federal investigators. According to the report by the National Transportation Safety Board: The ...

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Train carrying crude oil derails, catches fire in Canadian province

train

By: Solarina Ho A train carrying propane and crude oil has derailed in northwest New Brunswick, Canada, causing a fire and the evacuation of local residents but there were no reports of injuries, according to local officials and the railroad. The Canadian National Railway train, which carried “dangerous goods” including propane and crude oil, derailed near the village of Plaster Rock ...

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NTSB releases preliminary findings in Monday’s train crash

Cassleton

Photo Credit: Shawn Rode FARGO – Tracks closed by a train crash Monday west of Casselton, N.D., were expected to be back in use early Thursday morning, the Burlington Northern Santa Fe railroad and National Transportation Safety Board said Wednesday. In addition, NTSB board member Robert Sumwalt released some preliminary results of the agency’s investigations. Among those findings: The signals ...

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