Trump’s Return to OPEC Politics Muddies Oil Talks Next Month
US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
The U.S.-flagged vessel is one of a few that comply with the Jones Act, a maritime law that requires shipments between U.S. ports to take place on U.S.-built and manned vessels.
A source, who requested anonymity, said the ship would be retired in June, but the company did not confirm the timing.
The Alaska Tanker Company fleet is time chartered to transport BP Plc’s Alaska North Slope production. The fleet operator has also moved Alaskan crude for producers Exxon Mobil Corp and ConocoPhillips. (Reporting by Liz Hampton; Editing by Dan Grebler)
(c) Copyright Thomson Reuters 2017.
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