Jawaharlal Nehru Port Trust and Mumbai Port Trust

 Rahi Gaikwad

Mumbai: The closure of the Mumbai port and the suspension of cargo movement into the city have sparked fears of fuel shortage in Maharashtra. The port was closed on Sunday, a day after merchant vessel MSC Chitra collided with m.v.

The navy and the Coast Guard carried out anti-pollution operations for the third consecutive day today to check and neutralise the oil spill caused due to a collision between two cargo ships off the Mumbai coast.

Several US government agencies are preparing a criminal probe of at least three companies involved in the massive oil spill in the Gulf of Mexico, though it could take more than a year before any charges are filed, the Washington Post reported on Wednesday.

The government should realise non-transparent economics is bad politics

Oil spill aside, US energy security will suffer if BP goes under or is significantly reduced in size.

The BP Plc oil spill in the Gulf of Mexico will push up the price of insurance on offshore drilling, said Lloyd

A New Orleans federal judge lifted the six-month moratorium on deepwater drilling imposed by President Barack Obama following the largest oil spill in US history. Drilling services shares jumped on the news.