Shandong Port Group has prohibited U.S.-sanctioned tankers from accessing its ports in the eastern Chinese province, three traders familiar with the issue told Reuters. This region, home to many independent refiners, is a significant importer of oil from countries under U.S. embargoes. Last year, Shandong imported approximately 1.74 million barrels per day (bpd) of oil […]
YOU’VE already noticed it at the petrol pump but record low oil prices could have a range of other benefits for everything from groceries to travel. http://www.news.com.au/finance/economy/oil-prices-hit-five-year-low-heres-what-it-could-mean-for-you/story-e6frflo9-1227177070628
A leak at a nuclear power plant went undetected for weeks, allowing up to 2,000 gallons of oil to flow into Lake Michigan. Staff at the Cook Nuclear Plant in Bridgman, Michigan first began actively looking for the leak December 17 after discoverin… http://www.huffingtonpost.com/2015/01/06/oil-leak-lake-michigan-nuclear-power-plant_n_6424804.html