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Author Archives: Zach Koppang

Critics: River route no place for oil trains after crash

PORTLAND, Ore. (AP) — A fiery oil train derailment in Oregon’s scenic Columbia River Gorge drew immediate reaction from environmentalists who said oil should not be transported by rail, particularly along a river that is a hub of recreation and commerce. At least eleven cars derailed Friday in the 96-car Union Pacific train and the company said several caught fire. ...

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Iowa board votes to allow pipeline work to begin in state

DES MOINES, Iowa (AP) — The Iowa Utilities Board says a Texas company may begin construction on an oil pipeline in areas for which the company has approval. The three-member board approved an order on a 2-1 vote Monday that allows Dakota Access LLC, to begin laying pipe in areas outside U.S. Army Corps of Engineers jurisdiction. The Corps hasn’t ...

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Indian PM visits Qatar to talk gas supply, workers’ rights

DUBAI, United Arab Emirates (AP) — India’s Prime Minister Narendra Modi is paying his first official visit to gas-rich Qatar, where he met the Gulf country’s leaders on Sunday to discuss economic ties. Qatar is one of the world’s largest suppliers of liquefied natural gas. Qatari media says it supplies India with more than 85 percent of its gas needs. ...

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Track failure likely cause of oil train derailment

SEATTLE (AP) — Track failure was likely the cause of the oil train derailment in Oregon, an official with Union Pacific Railroad said Sunday. A failure of the fastener between the railroad tie and the line was likely the problem, but more investigation will be required before railroad officials know for sure, Raquel Espinoza said Sunday. Union Pacific inspects the ...

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Energy bill prospects dim in dispute over drilling, drought

WASHINGTON (AP) — Congressional efforts to approve the first major energy bill in nearly a decade are in jeopardy amid a partisan dispute over oil drilling, water for drought-stricken California and potential rollback of protections for the gray wolf and other wildlife. A bipartisan bill approved by the Senate in April would boost oil and natural gas production while encouraging renewable ...

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Venezuelan oil company PDVSA gives Paraguay deadline to repay debt

ASUNCION, Paraguay (AP) — Venezuela’s state oil company PDVSA has given Paraguay a 10-day deadline to pay a $287 million debt for crudes sales dating back to 2009. Felipe Oddone, communications director for Paraguayan President Horacio Cartes, says his country would, for now, only be able to pay 50 percent of the debt. Oddone said Saturday that the president of ...

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Treasurer: Oklahoma revenue collections hit 6-year low

OKLAHOMA CITY (AP) — Oklahoma Treasurer Ken Miller says overall revenue collections to the state treasury last month hit a six-year low as the state’s economy continues to slump. Miller reported Monday that May collections were lower than May 2015 for every major revenue stream, including taxes on income, sales, motor vehicles and oil and natural gas production. It is ...

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Gas prices jump 6 cents over past 2 weeks, averages $2.37

CAMARILLO, Calif. (AP) — The average price of gasoline has jumped by six cents over the past two weeks to $2.37 a gallon for regular grade. Industry analyst Trilby Lundberg said Sunday that the hike is mostly due to a continuing increase in crude oil prices. The price at the pump has risen 60 cents over the past 15 weeks. ...

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Italian oil company Eni’s CEO meets with Libyan premier

MILAN (AP) — The CEO of Italian oil giant Eni has traveled to Tripoli for the first time since July 2014 to meet with the new head of Libya’s U.N.-backed government. Eni said in a statement that the meeting Saturday between CEO Claudio Descalzi and Libya’s new prime minister, Fayez Serraj, underlines Eni’s commitment to continuing operations in Libya and ...

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US stocks climb, led by energy companies as oil prices rise

NEW YORK (AP) — U.S. stocks are solidly higher Monday morning as energy companies rise along with the price of oil. Fertilizer companies are also gaining ground, but retailers are slumping. KEEPING SCORE: The Dow Jones industrial average gained 91 points, or 0.5 percent, to 17,897 as of 10:05 a.m. Eastern time. The Standard & Poor’s 500 index rose 8 ...

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