Environmentalists opposed to the Keystone XL pipeline are expanding their fight against imports of Canadian heavy crude oil by trying to block rail projects that offer another way for it to enter the U.S.
One worker was killed and another injured at a Valero Energy Corp. refinery in Louisiana after an evacuation prompted by the odor of hydrogen sulfide, said Doug Cain, a spokesman for the Louisiana State Police.
Crude oil, gasoline and heating oil declined for the second day in a row after the International Energy Agency and International Monetary Fund said that high prices are starting to hurt the global economy and Goldman Sachs Group Inc . forecast a “substantial” correction. Ethanol slipped the most in four weeks.
Spot gasoline in Los Angeles strengthened against futures for a fifth straight day as Exxon Mobil Corp.’s Torrance refinery began shutting equipment, including the crude unit and a coker, for maintenance.
Crude oil, gasoline and heating oil dropped for the third straight day after the U.S. Energy Department reported that crude stockpiles surged last week and a private report showed that employment rose less than expected, reducing optimism that the economy will keep expanding at current rates. Ethanol was little changed.