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State: Tar from Santa Barbara spill washed up in LA County

LOS ANGELES (AP) — State officials say tar from the Santa Barbara oil spill last month washed up on a Los Angeles County beach.

Department of Fish and Wildlife officials said Monday that a tar ball found May 27 on Manhattan Beach was traced to the spill.

Oil

Oil recovers as WTI contract closes out

Source: 
Reuters

Short-covering as the front month contract for U.S. benchmark crude was about to expire helped oil prices recover from earlier losses Monday. West Texas Intermediate crude for July delivery edged up 7 cents to $59.68 a barrel on the Nymex, while in London, Brent gained 32 cents to $63.34, Reuters reports.

Oil

Fitch downgrades BP over spill fines, oil prices

Source: 
FuelFix

Downgrading BP’s outlook to negative, Fitch Ratings projects higher debt levels for the oil major as a result of fines from its 2010 Gulf of Mexico spill combined with the impact of lower crude prices, FuelFix reports.

Oil

New charges brought in 2013 Quebec railway disaster

TORONTO (AP) — The Canadian government filed new charges Monday in the runaway oil train explosion that killed 47 people in Quebec two years ago.

Regulatory agency Transport Canada said the charges have to do with an insufficient number of handbrakes being applied and that the handbrakes were not tested properly.

Oil

Oil higher on Greek proposals

Source: 
Reuters

Proposals from Greece to resolve the country’s financial crisis helped to boost oil early Monday, although the global supply glut continued to weigh on prices, Reuters reports. U.S. benchmark crude for July delivery gained 44 cents to $60.05 a barrel in electronic trading on the Nymex, while August Brent rose 30 cents to $63.32 in London.

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US oil production grows but Bakken flat, Eagle Ford slipping

Source: 
FuelFix

U.S. crude production increased in May by 870,000 barrels a day, according to the Platts forecasting unit Bentek Energy, which added that output in the Eagle Ford Shale declined but remained 21 percent higher than the year-ago period, FuelFix reports.

Oil

Workers clean up oil spill on California beaches by hand

GOLETA, Calif. (AP) — Along a stretch of beach heavily marred by a crude oil spill, workers in hard hats and white protective suits use wire brushes and putty knives to scrape the black liquid off cobblestones and cliff faces.

The painstaking task at Refugio State Beach marks a new front in the cleanup after an underground pipeline leaked last month and released up to 101,000 gallons of oil, about 21,000 gallons of which flowed into a storm drain, sullied the beach and washed out to sea. Because the region is home to threatened shorebirds and cultural resources, a decision was made early on to clean oil-stained beaches the old-fashioned way by using hand tools instead of heavy equipment or chemicals.

Vietnam says 8 Indonesians confess to hijacking oil tanker

HANOI, Vietnam (AP) — Eight Indonesians apprehended last week have confessed to hijacking a Malaysian oil tanker, a Vietnamese official said Monday.

Col. Doan Bao Quyet, political commissar of Vietnam Coast Guard Region 4 in the southern province of Kien Giang, said the Indonesians, aged 19 to 61, initially said they encountered an accident at sea while fishing when they arrived on Tho Chu island off Vietnam's southern coast on Friday. But after questioning with the images and information provided by Malaysian authorities, they confessed that they were responsible for hijacking the oil tanker earlier this month.

Pentagon aiding oil spill response, ice forecasting in Arctic

The Pentagon is taking a larger role helping the Interior and Energy department in the Arctic region,  with the military assisting in oil spill response and forecasting of declining ice in the region.

The Government Accountability Office, Congress's watchdog arm, disclosed the Defense Department's assistance in a report issued Friday, saying the low threat of military conflict in the region has allowed the military to participate in the inter-agency Arctic Strategy.

Oil

Oil back below $60 on Greek worries, profit taking

Source: 
Reuters

Concerns about the Greek financial crisis alongside profit taking and a slowdown in the decline of active U.S. rigs pushed oil prices lower Friday, resulting in a loss for the week. U.S. benchmark crude ended 84 cents lower to settle at $59.61 on the Nymex, while in London, Brent tumbled $1.24, or 1.9 percent, to $63.02, Reuters reports.

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