The contamination, which officials said resulted from the accidental mixing of diesel and gasoline, comes as Gulf Coast residents face potential evacuation orders.
Category: Oil (Petroleum) and Gasoline
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Tanker in Yemen Is Emptied of Oil, Averting Catastrophic Spill
More than a million barrels of oil on a tanker off the coast of Yemen were transferred to another ship bought by the United Nations. But now a new hurdle looms: Who owns the recovered oil?
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Why the Fed Might not Be Done Raising Rates
Volatile energy prices could put new pressures on the economy, despite some cautious optimism after the latest inflation data.
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Inflation Picks Up, but Details Under the Surface Are Encouraging
Economists looked past the first acceleration in overall inflation in more than a year and saw signs that price pressures continued to moderate in July.
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Saudi Aramco Reports $30 Billion in Profit for Latest Quarter
It was a steep fall from last year’s record profit, but still enough for the company to introduce additional dividend payments and increase capital investment.
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BP Reports Sharply Lower Earnings as Oil Prices Slide
The energy company offset a slide in profit by raising its dividend by 10 percent.
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British Government Signals Support for Oil and Gas Industry
With a general election expected next year, the government said it would issue new licenses for energy exploration in the North Sea.
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Exxon Reports Leaner Earnings in Second Quarter
The company’s record profit a year earlier was driven by a surge in oil prices after Russia’s invasion of Ukraine.
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Shell Reports Sharply Lower Earnings as Energy Prices Ease
After a record-breaking profit last year, Shell’s quarterly earnings fell 56 percent. But the energy provider will increase dividend payments.
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Airlines Are Thriving as People Keep Traveling
Three large U.S. airlines have reported strong quarterly sales and profits in recent days because of strong demand, high fares and relatively low fuel prices.
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Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
Prices have been creeping higher, despite uncertainty about the strength of the global economy.