OilPrice

Strong oil demand and production in North America helped Canadian pipeline giant Enbridge Inc (NYSE: ENB) raise its first-quarter adjusted earnings and beat analyst estimates. Enbridge, operator of Mainline, North America’s biggest oil pipeline network,   reported on Friday adjusted earnings of

South Africa has hinted that Shell could receive fewer oil exploration licenses after the supermajor decided to sell its downstream business in the country, Mineral Resources and Energy Minister Gwede Mantashe told Bloomberg in an interview published on Friday. Earlier this week, Shell said it

The United States wants to force a gradual shift in Iran’s “decision-making calculus” by signing a defense deal with Saudi Arabia and securing the normalization of relations between Riyadh and Israel. “We continue to work with allies and partners to enhance their capabilities to deter and counter

Higher Saudi crude prices and weakened refining margins will see Chinese refiners lift lower volumes of oil from the world’s top oil exporter in June compared to May, sources familiar with the plans told Reuters on Friday. This month, China is set to buy a total of 45 million barrels of Saudi

Yet more house-cleaning this week in the European spy dens as tensions rise among European nations who are now placing bets on the future of Ukraine. The panic is in full force. In the UK, Downing Street is expelling a Russian Defense attache believed to be an undeclared military intelligence