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Oil rises after U.S. crude supplies fall for 9th week
Oil rose after a government report showed that U.S. crude stockpiles fell a ninth week, marking the longest stretch of declines on record. Crude inventories fell 2.34 million barrels last week, according to the Energy...
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Enbridge agrees to spend $172 million for 2010 Michigan spill
Enbridge Inc. will spend $172 million paying fines and boosting safety across its pipeline operations in a deal with the Justice Department resolving Clean Water Act violations connected to its 2010 oil spill near Marshall,...
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Kinder Morgan ‘closer’ to meeting conditions for Trans Mountain expansion
Kinder Morgan is “a lot closer” to meeting British Columbia’s conditions for the company’s Trans Mountain crude oil pipeline expansion, Energy Minister Bill Bennett said. “They’re working very hard,” Bennett said in an interview in...
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Chesapeake, Tom Ward sued by shale owners for alleged bid rigging scheme
Chesapeake Energy Corp., the company Aubrey McClendon built into a natural-gas giant, was sued along with his former partner by lease holders who say the pair conspired to rig bids for drilling rights during the...
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Market Currents: U.S. LPG exports hit by global oversupply
Crude is drifting lower, looking rather trepidative ahead of another weekly inventory report, while dollar strength is also helping to put the kibosh on a rally. Hark, here are five things to consider in crude...
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