OPEC
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Fuel
OPEC+ surprises with more oil output, market surprises with higher prices
After a February decision not to increase output, which was unexpected, the group does the unexpected this time again and decides to put more oil…
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Maritime
OPEC+ deal shocker will prolong bloodletting for crude tankers
Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.
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Fuel
OPEC stuns by opting not to raise output; was diesel a reason?
Prices continued to rise into Friday on the news that threw conventional wisdom aside.
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American Shipper
Commentary: Crude oil tankers on hold
Short of a conflict in the Middle East and its adjacent shipping lanes, it is hard to see a spike in tanker spot rates in…
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Fuel
OPEC+ group extends crude oil output cuts through July
Move holds off a return of almost 2 million barrels per day to the market
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Fuel
Wide-ranging deal on cutting oil supplies gets a yawn from the market
The deal runs through 2022 so plenty of time to judge its impact.
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Fuel
Oil-exporting nations to cut output 10 million barrels per day; after that, it’s tricky
Reduction would be record-breaking but isn’t likely to be adequate to stabilize markets.
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Fuel
Oil markets ready for back-to-back meetings on cutting output in flooded market
The three countries to keep an eye on: U.S., Saudi Arabia and Russia.
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Today's Pickup
Today’s Pickup: Developing countries stand to lose up to 85% of their oil and gas income this year
Oil exporting countries might lose upto 85% of income this year; big 3 automakers partially close plants; Amazon suspends shipment of non-essential items.
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Maritime
Supertanker spot rates reach record highs
As the world reels from coronavirus, crude-tanker owners are raking in massive returns.
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