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November 4, 2019

Russian oil output down in October, but misses OPEC deal target - oil and gas 360

Russian oil output down in October, but misses OPEC deal target

November 4, 2019

Reuters Russia lowered its oil output to 11.23 million barrels per day (bpd) last month from 11.25 million bpd in September, missing again its obligations under a global pact to curb production, energy ministry data showed on Saturday. The Organization of the Petroleum Exporting Countries, Russia and other producers – a group known as OPEC+ – have since January implemented

Crude Exporters Brace for Sustained High Shipping Costs - oil and gas 360

Crude Exporters Brace for Sustained High Shipping Costs

November 4, 2019

Wall Street Journal The U.S. blacklisting of the Cosco tankers set tanker freight rates on fire, but maritime fundamentals will keep prices high Crude oil exporters and users probably should get used to high shipping costs. The freight-rate roller coaster that was triggered by geopolitical events in September may have leveled off, but fundamentals in the shipping industry are only

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