Anadarko Petroleum Corp. and Exxon Mobil Corp. curbed production in the Gulf of Mexico and other energy companies evacuated workers from platforms and pipelines as Tropical Storm Karen triggered a hurricane watch.
West Texas Intermediate crude traded near its lowest in more than a week amid speculation the Federal Reserve will reduce economic stimulus and as Libya prepared to open some oil ports closed by labor unrest.
Enterprise Products Partners LP shut a 10-inch crude gathering pipeline in a rural area near Iola, Texas, after a leak was discovered yesterday, Rick Rainey , a company spokesman, said today. The leak is estimated to be 7,000 barrels, he said.
The Seaway pipeline’s initial capacity to ship oil to Houston-area refineries from Cushing, Oklahoma, in the second quarter of 2012 will be based on deliveries of light crudes similar to West Texas Intermediate.
Raj Rajaratnam, the hedge fund manager convicted of directing a massive insider-trading ring, opposed a government request to unseal data about his medical condition, claiming it would only fuel a “media feeding frenzy.”