Page 2 - Simon Webb News Today

The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering

LONDON, May 29 (Reuters) – The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to...

OPEC+ is working to agree oil production capacity for its member countries by the end of 2024, an issue that has created tensions in the past because each nations output target is calculated from its...

OPEC+ members aim to resolve oil production capacity issues by the end of 2024, seeking higher quotas due to revenue dependency. Disputes arise from differing capacities; independent assessments from three consultancies will be used to establish fair quotas. Countries like Saudi Arabia and UAE push for capacity recognition, while others face investment constraints.

By Arathy Somasekhar HOUSTON (Reuters) - Republican presidential candidate Donald Trump raised tens of millions of dollars during a fundraising swing through Texas this week, promising he would support the oil and gas industry by backing new pipeli...

Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners costs with a likely knock-on effect to... -May 03, 2024 at 02:00 am EDT - MarketScreener

By Robert Harvey and Arathy Somasekhar LONDON/HOUSTON (Reuters) - Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on ...

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Talks yet to start on extending 2.2-million barrels per day of voluntary oil output cuts beyond June

OPEC and its allies have yet to begin formal talks on extending voluntary oil output cuts of 2.2 million barrels per day beyond June, but three sources from OPEC+ producers said they could keep their cuts if demand fails to pick up. OPEC+ has implemented a series of output cuts since late 2022 amid rising output from the United States and other non-member producers, and worries over demand as major economies grapple with high interest rates. OPEC did not respond to a request for comment.