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OPEC+ cuts oil production quotas by 100,000 b/d despite tight market | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Azerbaijan is benefiting from the EU’s pivot away from Russian energy, boosting oil transit shipments and enjoying higher prices for its own crude, according to market sources and data from S&P Global Commodity Insights. But the country’s own production has stagnated well below its OPEC+ quota and has little prospects for growth, limiting its gains. . ....
Dated Brent prices in April vacillated between $98/b-$108/b, as traders struggled to weigh the evolving western sanctions on Russia against weakening oil demand in China, where the coronavirus is resurgent. For OPEC and its Russia-led allies, however, there is no wavering in their conviction on how to manage crude supply. Several delegates say the OPEC+ . ....
Any progress in Iraq’s oil sector and the finalization of numerous key deals with international oil companies signed during the one-and-a-half year tenure of Mustafa al-Kadhimi’s government will hinge on the outcome of the parliamentary elections that took place Oct. 10. While the low turnout amid for the elections is indicative of widespread dissatisfaction with . ....