Offshore
Big Oil CEOs Predict Return of $100 Crude
By Kevin Crowley and Francois de Beaupuy (Bloomberg) — The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of...
Magnitude 7.4 quake hits off Japan, tsunami warning issued (Update)
Japan’s Meterological Agency reports a magnitude 7.4 earthquake struck off the coast of Japan this morning at 23:32 JST.
According to estimates, the resulting tsunami should have just hit the Japanese shoreline. Fortunately however, high tide in that area is still not for another 4 hours. Updates to follow.
***UPDATE*** Japan’s Meterological Agency has CANCELLED all tsunami warnings as of 0055 JST.
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