oil shipping News

Canadian Pacific Backs Insurance Mandate for Firms Shipping Oil by Rail

Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada’s second-largest rail operator said on Thursday. Currently, there are no requirements in …

Five Dead, 40 Missing After Crude Oil Freight Train Explosion in Canada

At least five people died and 40 were missing on Sunday after a runaway train carrying crude oil derailed and exploded in the center of a small Canadian town in a disaster that raised fresh questions about shipping oil by …