crude oil News

Texas Crude Oil Pipelines Are Full to the Brim and Getting Worse

Crude oil pipelines connecting the busiest Texas oil fields to a critical export hub across the state are nearly out of space, threatening to cap US oil exports at a time when the world needs more. Key pipelines that transport …

Sept. 11 Victims Seek Seizure of Iran Oil From U.S.-Owned Tanker

Victims of the Sept. 11, 2001, attacks asked a U.S. judge to order the seizure of Iranian crude oil from a tanker owned by an American private equity firm, to help satisfy a $3.61 billion judgment against Iran over the …

Four Critical Defects Found in Latest Oil Train Inspections in New York

State and federal inspectors found four critical defects and 42 non-critical ones in the latest round of oil train and track inspections across New York state. Gov. Andrew Cuomo says the targeted inspections of tank cars and tracks are critical …

India’s Biggest Shipping Firm Resumes Iran Oil Transport with Insurance in Place

Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo for a state-run refiner, the chairman of India’s biggest shipping company said on Tuesday. SCI stopped sailing to Iran in …