Monday, June 5, 2023
Saudi Pledges Big Oil Cuts in July as OPEC+ Extends Deal into 2024

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: 1012

Friday, October 28, 2022
oil tanker photo

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: 1456

Thursday, May 12, 2022
tanker at sea

 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

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: 49748

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

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: 1306

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: 48

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: 13

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: 20

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: 56

Monday, December 3, 2018
qatar lng ship
Maritime News

Qatar to Leave OPEC to Focus On Gas

By Eric Knecht DOHA, Dec 3 (Reuters) – Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the

December 3, 2018
Total Views: 6

Monday, December 11, 2017
nuclear icebreaker convoy
Maritime News

The Arctic Threat to OPEC’s Grand Oil Price Strategy

By Julian Lee (Bloomberg Gadfly) — When Saudi Arabia’s oil minister attended Friday’s grand opening of a giant liquefied natural gas plant in

December 11, 2017
Total Views: 2

Thursday, May 25, 2017

As the U.S. Sends More Oil to World, OPEC Sends Less to U.S.

By Serene Cheong (Bloomberg) — OPEC is finally making the move that could help complete a mission that it’s failed so far: shipping less oil to the

May 25, 2017
Total Views: 3

Thursday, April 20, 2017
oil tankers

Murky Oil Inventory Picture Leaves Market Grappling for Clarity

By Henning Gloystein and Libby George SINGAPORE/LONDON, April 21 (Reuters) – The jury is still out over whether an OPEC-led production cut aimed at

April 20, 2017
Total Views: 37

Thursday, December 8, 2016
oil tanker
Maritime News

Oil Tanker Market Heads for Worst Year Since ’13 on OPEC Cut

By Firat Kayakiran and Brian Wingfield (Bloomberg) — Oil-hauling supertankers are bracing for the worst earnings year since 2013 as they become

December 8, 2016
Total Views: 29

Wednesday, December 7, 2016
barents sea drilling

OPEC Deal Seen Helping Norway Oil Investment as Soon as 2017

By Mikael Holter (Bloomberg) — Norway has this year politely declined invitations from OPEC to join talks on curbing oil production. Its strategy is now

December 7, 2016
Total Views: 7

Monday, December 5, 2016
Kemp: After Two Years, Why an OPEC Deal Now?
Maritime News

Kemp: After Two Years, Why an OPEC Deal Now?

By John Kemp LONDON, Dec 5 (Reuters) – OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to

December 5, 2016
Total Views: 4

Friday, December 2, 2016
offshore oil rig Statoil
Maritime News

Brent Heads for Biggest Weekly Advance Since 2009 on OPEC Pact

By Rakteem Katakey (Bloomberg) — Brent crude is headed for its biggest weekly gain since 2009 after OPEC approved its first supply cut in eight years,

December 2, 2016
Total Views: 2

Thursday, December 1, 2016

New Era for Oil Reverberates Through Asia’s Shipyards to Runways

By Emma O’Brien and Heesu Lee (Bloomberg) — While the first OPEC production cuts since 2008 were inked as Asia slept, the winners and losers from

December 1, 2016
Total Views: 4


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