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...unlikely that prices will drop substantially, back in October, OPEC+ cut their supply and the US in particular, were raising concerns about the shortages. This lower supply could have accelerated...
...their operations. Despite OPEC+ reaching agreement to slash global output, several weeks of high production levels have meant global stockpiles are swelling. This oversupply, along with oil demand falling to...
...future demand increases. And this concern over supply is contributing to the current oil price gains. Having reduced output through the pandemic, Opec and other large oil producers are slowly...
...storage crisis which is now being played out was inevitable after the combined effect of the failure of OPEC and Russia to agree cuts on 6th March and widespread COVID...
...NIOC, Petrobras, PDVSA, as well as Russian companies such as GazpromNeft, Lukoil and Rosneft. More recent additions have been the three Chinese giants, Petrochina, Sinopec and CNOOC. Less well known...
...for the oil heating industry remains positive. “An OPEC meeting last month ended without agreement to reduce oil production and with Iran keen to regain its former market share, it’s...
...no surprise that OPEC has stepped back into market management mode, it has steered in a new era of growth within specific product lines for the oil industry.” www.certasenergy.co.uk ...
...and everything was looking good. Then in November of 1973 OPEC suddenly decided to rapidly increase the price of crude oil which literally changed the domestic heating scene overnight.” That...
...Then in November of 1973 OPEC suddenly decided to rapidly increase the price of crude oil which literally changed the domestic heating scene overnight.” That year, the price of kerosene...
...challenges of Covid-19, as well as the impact of the OPEC+ oil price, this has made fuel compatibility and quality as well as finance a more prominent issue for shipowners....
