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Monday, March 4, 2024
tanker at sea
News

OPEC+ Extends Oil Cuts, With Russia Bolstering its Effort

(Bloomberg) — OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.  The curbs —

March 4, 2024
Total Views: 755

Sunday, March 3, 2024
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay. REUTERS/Tatiana Meel
Shipping

Some OPEC+ Members Agree To Extend Oil Output Cuts

By Maha El Dahan and Alex Lawler DUBAI, March 3 (Reuters) – Some OPEC+ members agreed on Sunday to extend voluntary oil output cuts into the second

March 3, 2024
Total Views: 690

Tuesday, February 27, 2024
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

OPEC+ to Consider Extending Voluntary Output Cuts, Sources Say

By Olesya Astakhova, Alex Lawler and Ahmad Ghaddar LONDON/MOSCOW, Feb 27 (Reuters) – OPEC+ will consider extending voluntary oil output cuts into the

February 27, 2024
Total Views: 553

Thursday, December 21, 2023
FILE PHOTO: The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020. REUTERS
Energy

Angola Leaves OPEC, in Blow to Producer Group

LUANDA/LONDON, Dec 21 (Reuters) – Angola said on Thursday it would leave OPEC in a blow to the Saudi-led oil producer group that has

December 21, 2023
Total Views: 1418

Sunday, December 3, 2023
Oil tanker on Lake Maracaibo, in Cabimas. REUTERS/Issac Urrutia
Shipping

India Resumes Imports Of Venezuelan Oil

By Nidhi Verma, Marianna Parraga and Florence Tan NEW DELHI/HOUSTON/SINGAPORE(Reuters) – Indian refiners have resumed Venezuelan oil purchases through

December 3, 2023
Total Views: 2169

Offshore Brazil Petrobras P-66 oil rig
Shipping

Brazil Never To Be Full Member Of OPEC+, Only Observer

By Jake Spring Dec 3 (Reuters) – Brazil will never join the OPEC+ group of oil-producing nations as a full member and instead only seeks to

December 3, 2023
Total Views: 1349

Thursday, November 30, 2023
A tanker transits the Suez Canal. Shutterstock/Anatoly Menzhiliy
Shipping

OPEC+ Agrees to Deeper Supply Cuts

By Grant Smith, Salma El Wardany and Fiona MacDonald 1(Bloomberg) — OPEC+ agreed to make 1 million barrels a day of additional oil-supply cuts to go

November 30, 2023
Total Views: 991

Wednesday, November 29, 2023
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
Shipping

OPEC+ Talks Continue with Prospect for Deeper Oil Cuts Unclear

By Maha El Dahan, Olesya Astakhova and Alex Lawler DUBAI/LONDON, Nov 29 (Reuters) – OPEC+ is continuing to hold talks on

November 29, 2023
Total Views: 609

Tuesday, September 26, 2023
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
Shipping

Mideast-Asia Tanker Rates Rebound, Capped by OPEC+ Supply Cuts

SINGAPORE, Sept 26 (Reuters) – The cost of chartering a supertanker to load Middle Eastern crude oil for Asia has rebounded from a 19-month low

September 26, 2023
Total Views: 371

Monday, June 5, 2023
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
Shipping

Saudi Pledges Big Oil Cuts in July as OPEC+ Extends Deal into 2024

By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA, June 4 (Reuters) – Saudi Arabia will make a deep cut to its output in July on top of a

June 5, 2023
Total Views: 1014

Friday, October 28, 2022
oil tanker photo
Offshore

OPEC Expects Oil Demand Will Rise Until 2035

By Alex Lawler (Reuters) – OPEC is likely to maintain its view world oil demand will rise for another decade, longer than many other forecasters predict,

October 28, 2022
Total Views: 1460

Thursday, May 12, 2022
tanker at sea
Shipping

 Europe’s Snub of Russian Oil Opens Door for OPEC’s Minor Players

(Bloomberg) — The OPEC nations that have stepped up to replace Russian oil flows to Europe aren’t the giants of the Middle East. Instead, some of the

May 12, 2022
Total Views: 2436

Sunday, January 16, 2022
Kuwait, One Of The World’s Wealthiest Oil Exporters, Is Becoming Unlivable
Environment

Kuwait, One Of The World’s Wealthiest Oil Exporters, Is Becoming Unlivable

By Fiona MacDonald (Bloomberg) –Trying to catch a bus at the Maliya station in Kuwait City can be unbearable in the summer. About two-thirds of the

January 16, 2022
Total Views: 49795

Sunday, July 18, 2021
OPEC+ Agrees To Oil Supply Boost
Offshore

OPEC+ Agrees To Oil Supply Boost

By Rania El Gamal (Reuters) OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the

July 18, 2021
Total Views: 1308

Tuesday, November 3, 2020
OPEC Boosts Output Despite COVID Sending Oil Crashing
Maritime News

OPEC Boosts Output Despite COVID Sending Oil Crashing

By Grant Smith and Julian Lee (Bloomberg) OPEC’s effort to shore up world oil markets during the pandemic is facing a new threat — from the group’s

November 3, 2020
Total Views: 49

Monday, July 20, 2020
Oil tanker in Ningbo Zhoushan port
Maritime News

Oil Tanker Titans to Get Little Joy From OPEC+ Opening the Taps

By Ryan Hesketh (Bloomberg) –At almost any other moment in history, the promise of oil producers pouring millions of barrels of crude to the global

July 20, 2020
Total Views: 14

Tuesday, June 30, 2020
vlcc tanker
Maritime News

Saudi Arabia Makes Good on OPEC+ Oil Cuts

(Bloomberg) — Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June. Observed Saudi crude exports for this

June 30, 2020
Total Views: 20

Monday, June 1, 2020
Stock photo shows an oil tanker at a terminal
Maritime News

Uncertainty About OPEC+ Cuts Has Oil Struggling to Sustain Rally

By Olivia Raimonde and Hailey Waller (Bloomberg) — OPEC+ and its allies will decide as soon as this week whether or not to extend their historic output

June 1, 2020
Total Views: 23

Monday, April 13, 2020
oil storage tanks
Maritime News

Oil Price War Ends With Historic OPEC+ Deal to Slash Output

By Javier Blas, Salma El Wardany and Grant Smith (Bloomberg) — The world’s top oil producers pulled off a historic deal to cut global petroleum output

April 13, 2020
Total Views: 21

Tuesday, December 11, 2018
vlcc tanker
Maritime News

Oil Tanker Owners Find Solace in Shale as OPEC Prepares New Cuts

By Firat Kayakiran (Bloomberg) — America’s shale boom could be about to spare the world’s oil tanker owners from a typical OPEC ravaging.

December 11, 2018
Total Views: 58
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