Three contract workers suffered burns while working on transport operations at the ExxonMobil (XOM.N), opens new tab facility in Beaumont, Texas, KDFM and other media reported late on Thursday. The KDFM report cited a statement from ExxonMobil, which said the contract workers were receiving treatment, and that a comprehensive investigation had been initiated.
A vast hoard of sanctioned oil that’s stranded at sea is driving up global prices as buyers compete for other barrels, several of the world’s top traders said.
Curious Minds Corner
What is “flaring”?
Flaring is the controlled burning of excess natural gas during oil production.