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Oil, Gas, And Fracking News Reads: 18July 2021

This is a feature at Global Economic Intersection every Monday evening or Tueday morning. Please share this article - Go to very top of page, right hand side, for social media buttons. MPCA investigating Enbridge Line 3 nontoxic spill - - The Minnesota Pollution Control Agency is investigating a drilling fluid spill that occurred on the Willow River in Aitkin County at one of Enbridge s construction sites for its new Line 3 oil pipeline. Drilling was halted after the nontoxic spill was discovered early July 6 and containment and cleanup activities were started, MPCA spokeswoman Cori Rude-Young said Monday. The MPCA has been in regular communication with the on-site, independent environmental monitors and Enbridge Energy, and we have inspected the site cleanup, she said. The new pipeline will replace the Enbridge s current Line 3, which is deteriorating with age and can now only carry about half of its capacity. It is more than 60% completed. The site where the spill occurre

COVID-19 vaccination: OPEC projects increase in oil demand

COVID-19 vaccination: OPEC projects increase in oil demand Published 1 June 2021 The Organisation of Petroleum Exporting Countries on Monday revised oil demand upwards following the progress in COVID-19 vaccination campaigns globally. OPEC Secretary-General, Mohammad Barkindo, announced the review for the upward demand for oil while delivering his opening remarks at the 52nd meeting of the Joint Technical Committee during a video conference. He said, “In terms of the oil market, a few developments are noteworthy. Largely as a result of the progress of the vaccination campaigns in certain regions, the secretariat has now revised up our global economic growth forecast for 2021, by 0.1 point to reach 5.5 per cent year-on-year.

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