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 Liberia-flagged MT Fair Artemis had last made contact with its manager, Fairdeal Group SA, on June 4 when it was off the coast of Ghana.
“The ship was boarded by a number of pirates who have stolen the cargo and other items on the vessel,” Fairdeal fleet director John Gray said in a statement, adding that all on board were safe. The statement gave no further details.
Pirate attacks jumped by a third off the coast of West Africa last year, pushing up insurance costs for shipping firms operating in a key commodities export hub.
West African piracy has its roots in an uprising in Nigeria’s oil-rich Niger Delta that has given rise to criminal networks. Gangs target cargo, which is often fuel, and rob or kidnap crew members. (Reporting by Matthew Mpoke Bigg; Editing by Kevin Liffey)
(c) 2014 Thomson Reuters, All Rights Reserved
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