Canadian National Railway Co. is building a 1,500-foot long track to bypass a burning train that derailed March 7 in northern Ontario, while BNSF Railway Co. crews are working to reopen track in rural Illinois after a train carrying oil derailed March 5.
March 9, 2015oil News Updates
Transport Topics provides essential updates on Oil news, including logistics, tariff developments, supply chain shifts, and trade policy changes. Our reporting delivers a global perspective on how oil manufacturing and transport trends impact U.S. freight, warehousing, and shipping operations.
Oil Train Derails in Illinois
A BNSF Railway Co. train carrying 103 cars of crude oil derailed in rural Illinois March 5 and U.S. regulators said a fire had broken out. There were no reports of injuries.
March 6, 2015Type of Oil Car in West Virginia Fire May Be Rolling for Years
Oil tank cars like those that ruptured in a train derailment in rural West Virginia on Feb. 16, sending a massive fireball into the sky and forcing evacuation of nearby homes, could be rolling through U.S. cities for years to come.
February 19, 2015Oil Train Crash Adds Pressure for New Safety Standards
Video images of a fireball billowing from the wreckage of a derailed train hauling Bakken crude are adding to pressure on federal regulators to act on new safety standards for oil shipments.
, February 18, 2015Oil Rises as Workers Strike at Nine Refineries
Oil climbed to over $50 a barrel Monday as workers at some of the nation’s refineries began strike action.
February 2, 2015Oil Declines From One-Week High to Near $50 a Barrel
Oil declined from a one-week high in London and New York as Iraqi production advanced to a record, compounding a global supply surplus.
January 20, 2015Time to Call a Bottom? Oil Futures Surge
Crude oil surged the most in more than 2 1/2 years Jan. 14 after falling to the lowest since 2009.
January 14, 2015Oil Extends Decline From 5 1/2-Year Low as Glut Persists
Oil fell for a third day, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation that a global glut that drove crude into a bear market will persist.
January 5, 2015Oil Drops to 5-Year Low on Concern Supply Glut to Worsen
Crude oil dropped to the lowest level in more than five years Dec. 18 on concern a supply glut will worsen.
December 18, 2014Another Milestone: Oil Below $60 A Barrel
West Texas Intermediate oil dropped below $60 a barrel for the first time since July 2009 as Saudi Arabia questioned the need to cut output, signaling its priority is defending market share. Brent fell to a five-year low.
December 11, 2014Trending
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