NEWS

March 17, 2021

Enbridge: Line 5 Shutdown Will Lead To Immediate Oil Shortages

If Michigan shuts down the Line 5 crude oil pipeline, refiners in central Canada and the U.S. Midwest will face a shortage of feedstocks, and propane […]
March 17, 2021

Nigeria Bribery Case Ends In Victory For Shell, Eni

An Italian court has ruled that oil giants Royal Dutch Shell PLC and Eni SPA are not guilty in a bribery case involving a Nigerian oilfield […]
March 17, 2021

Iraq Denies UAE Firm’s Claim U.S-Seized Iranian Oil Cargo Was From Baghdad

Iraq’s state oil marketing firm SOMO denied a claim by Fujairah International Oil & Gas Corp of the United Arab Emirates (UAE) that an oil cargo, […]
March 17, 2021

EIA: OPEC+ Cuts To Lift Oil Prices Through April

Oil prices will likely remain at the current high levels in March and April, with Brent Crude prices averaging between $65 and $70 per barrel, after […]
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