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Tag Archives: crude oil

Crude oil train numbers declined last year

Crude oil train numbers declined last year

OMAHA, Neb. (AP) — Freight railroads delivered 17 percent fewer carloads of crude oil last year after oil prices collapsed. The Association of American Railroads said Wednesday 410,249 carloads of crude oil were carried across the United States last year, down from 493,126 carloads in 2014. But the number of crude oil carloads remains well above the 9,500 carloads railroads ...

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$30 oil? Texas says bring it on

$30 oil? Texas says bring it on

Some parts of the Eagle Ford and Permian Basin are profitable with oil below $30 a barrel, according to analysis by Bloomberg Intelligence. Wells in DeWitt County can be profitable with benchmark crude at a price as low as $22.52, which is $4 below its lowest price this year. Crude oil settled at $26.55 on Jan. 20, its weakest price ...

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Three workers injured in Marathon refinery fire

Three workers injured in Marathon refinery fire

A fire left three workers injured early Monday morning at the Marathon Petroleum Galveston Bay refinery in Texas City. According to company spokesman Hamal T. Kheiry, the fire was reported about 2:45 a.m. in a unit down for scheduled maintenance. One worker was transferred to a burn center in Galveston via helicopter. Two others were treated on site for minor ...

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Per barrel oil prices testing ‘ugly lows’

The posted price for a barrel of crude oil could be below $30 by the end of December, a Texas petroleum economist said Monday. Karr Ingham, based in Amarillo, said the posted price — the actual price producers charge versus the price set by speculators in New York — was $32 on Friday, a continuation of the downward trend Texas ...

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Stocks are mixed in early trade; oil price slips

NEW YORK — Stocks were in mixed in early trading Wednesday ahead of a European Central Bank meeting where further stimulus is expected to be announced as well as a speech by the head of the Federal Reserve. Energy stocks fell along with the price of oil. KEEPING SCORE: The Dow Jones industrial average lost seven points, or 0.1 percent, to ...

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