U.S. fines three oil companies for mislabeling crude oil

WASHINGTON Tue Feb 4, 2014 5:15pm EST

WASHINGTON Feb 4 (Reuters) - The U.S. Department of Transportation said on Tuesday it had fined three oil companies $93,000 for wrongly classifying crude shipments in North Dakota's Bakken region, in the first sanctions issued by regulators since several fiery derailments.

The DOT said Hess Corp, Marathon Oil Corp and Whiting Oil and Gas Corp were cited for violations.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

How to get out of debt

Financial adviser Eric Brotman offers strategies for cutting debt from student loans and elder care -- and how to avoid money woes in the first place.  Video