EIA Lowers Crude Price per Barrel Projection for 2012

The Energy Department reduces its 2012 projection for the per barrel price of crude amidst speculation of increased output from non-OPEC members.

PCJ Cancels Oil Exploration License of Rainville Energy Corp

Petroleum Corporation of Jamaica cancels oil exploration license of Rainville Energy Corp because of the company’s failure to meet its financial obligations.

Middle Eastern Unrest to Impact Global Crude Prices

Current tensions in the Middle East, particularly Yemen, Libya and Egypt, will have more negative than positive effects to crude prices.

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