By Jasmina Ovcina Mandra Uncertainty and volatility continue to cast a shadow over the oil and tanker market […] The post All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility appeared first on Offshore Energy. Read Full Article Here For more great articles: Offshore Energy Today
By Melisa Cavcic A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo. The post Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts appeared first on Offshore Energy. Read Full Article Here For…
By Melisa Cavcic OPEC Secretary General, who was scheduled to retire from the role at the end of the month, has passed away at the age of 63. The post OPEC’s Barkindo passes away at the age of 63 appeared first on… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic Oil prices touched a peak of $113 per barrel and eased to $111 on Wednesday amid fears about the impact of Russia’s attack on Ukraine and the resulting sanctions. The post Oil prices jump as… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic OPEC and allies have agreed to increase oil production starting from August 2021 with plans to end production cuts by end of September 2022. The post OPEC & allies agree to boost output from… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic After a challenging 2020, oil and gas demand recovery – supported by vaccinations and OPEC+ cuts – is proving good for drilling activity, Rystad said. The post Offshore drilling set for two… … Read Full Article Here For more great articles: Offshore Energy Today
By Bojan Lepic World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum Exporting Countries (OPEC) said in its 2020 World Oil Outlook. The post OPEC: Oil… … Read Full Article Here For more great articles: Offshore Energy Today
By Bojan Lepic The festivities scheduled for OPEC’s 60th Anniversary, originally scheduled for later this month in Baghdad where the organization was founded, have been postponed. The post OPEC postpones Diamond… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals. The post… … Read Full Article Here For more great articles: Offshore Energy Today
By Bojan Lepic The Organization of the Petroleum Exporting Countries and its allies, also known as OPEC+, have agreed to curb oil supply from August as the global economy recovers from the COVID-19 pandemic. The… … Read Full Article Here For more great articles: Offshore Energy Today