News

4,800 gallon pipeline leak in Colorado, USA

A broken Chevron Corporation pipeline has spilled around 4,800 gallons of oil that has flowed into an intermittent stream on public land in northwest Colorado, USA.

$2 million of losses in Costa Rica in May alone

Authorities of the Organismo de Investigación Judicial (OIJ) in Costa Rica, captured a band that was stealing product from a pipeline.

2,418 Oil spills reported in seven years by Agip

The Nigerian Ministry of Petroleum Resources released a statement last week stating that 2,418 oil spills were recorded in the Nigerian Agip Oil Company’s operations between 2010 and 2016.

2017 shows sharp increase in PHMSA enforcement actions

The Pipeline & Hazardous Materials Safety Administration (PHMSA) initiated 144 new enforcement cases from January 2017 to July 2017; compared with 164 cases in 2016, 197 cases in 2015, and 154 cases in 2014.

There's a 'last ugly chapter' for crude oil, and we haven't hit it yet

Commodity investors generally agree that the oil market is coming into balance, but huge stockpiles of fuel and teeming strategic Chinese crude inventories could send prices on one last, ugly slide lower, analysts told CNBC