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Another train carrying crude oil derails

Date:
February 13, 2014
Source:
Reuters - US Online Video / Powered by NewsLook.com
Summary:
Accident in western Pennsylvania is latest in string of similar derailments. Jennifer Davis reports. Video provided by Reuters


Related Videos

last updated on 2015-03-02 at 7:52 am EST

End of Crude Oil Export Ban Means the End of the Game for Refiners

End of Crude Oil Export Ban Means the End of the Game for Refiners

TheStreet (July 2, 2014) — Dan Dicker, energy contributor at RealMoney, talks to Jim Cramer about the Commerce Department's recent decision to allow the reclassification of condensates as a refined product, in effect ending a 40-year old ban on the export of domestically produced crude oil. This will expand the business of distilling crude oil for export overseas, benefiting U.S. exploration and production companies and some transport MLPs. The losers will be the U.S. refiners, who will see the end of the price advantage they have enjoyed for the last 4 years. Dicker says he would not own any of them right now. Video provided by TheStreet
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Oil Inventories Reach Highest Level Since November

Oil Inventories Reach Highest Level Since November

TheStreet (Mar. 26, 2014) — The Energy Information Agency reports crude oil inventories build by 6.6 million barrels in the latest week. BRG Brokerage President Jeff Grossman tells TheStreet's Joe Deaux that this is a much larger-than-expected build, but he is surprised the WTI crude market remains little changed amid the inventory build and the Crimea crisis. Grossman warns that prices, which remain near $100 a barrel, likely will see a pullback to the mid $90 range, but not much further below that level. Video provided by TheStreet
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Gulf Shipping Channels Remain Closed as Oil Spill Cleanup Continues

Gulf Shipping Channels Remain Closed as Oil Spill Cleanup Continues

Reuters - US Online Video (Mar. 24, 2014) — Major Texas oil shipping channels that deliver crude oil for nearly a tenth of the country's refining capacity remain closed for a third day as clean up continues following large oil spill. Mana Rabiee reports. Video provided by Reuters
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Chevron Suffers Crude Oil Slowdown, Quarterly Profits Drop 27%

Chevron Suffers Crude Oil Slowdown, Quarterly Profits Drop 27%

TheStreet (May 2, 2014) — A day after Exxon posted a drop in quarterly production, Chevron is doing likewise. The oil producer, second-largest in the U.S., earned profits 27% less than a year earlier as the company suffered lower crude oil production and declining prices over the quarter. The company attributed the drop to "global economic factors" and also said weather-related issues in two of its oil fields in Kazakhstan led to unplanned downtime. Over the quarter, Chevron's production fell 2% to 2.59 million boed. Video provided by TheStreet
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