OPEC bolstered forecasts for the amount of crude it will need to provide this year as the economic recovery stokes global fuel consumption. Iraq, its second-largest member, pumped the most oil since 1980.
A U.S. judge handed Chevron Corp. a key victory in the energy company’s long-fought battle against a multibillion-dollar pollution lawsuit in Ecuador, ruling the American lawyer leading the case resorted to bribery and fraud.
Chevron Corp. won a U.S. judge’s ruling that a multibillion-dollar pollution judgment issued in Ecuador was procured by fraud, making it less likely that plaintiffs will collect the $9.5 billion award.
DLA Piper UK partners Debra Erni and Graham Tyler, who headed the asset finance practice, will join Pillsbury Winthrop Shaw Pittman LLP’s transportation finance team in London at the beginning of May with three associates.
Russia sees a high probability that neighboring Ukraine will default. Standard & Poor’s says that outcome is likely. Even Ukraine’s acting president calls the country’s plight a “pre-default situation.”
The U.S. described the Syrian civil war as a “human rights calamity,” while citing Russia, China, Egypt, Turkey and other nations for abuses against their citizens in an annual State Department report.