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Oil wavers with talks resuming on potentially reviving Iran deal


Oil wavers with talks resuming on potentially reviving Iran deal
Andres Guerra Luz and Alex Longley, Bloomberg News
Storage tanks located near a dock for Hornbeck Offshore Services, Inc. oil industry support vessels in Port Fourchon, Louisiana, U.S., on Thursday, June 11, 2020. Oil eclipsed $40 a barrel in New York on Friday, extending a slow but relentless rise that’s been fueled by a pick-up in demand and could signal a reawakening for U.S. shale production. Photographer: Luke Sharrett/Bloomberg
, Bloomberg
Oil switched between small gains and losses as investors weighed talks of higher Iranian supply against the prospect of a continued recovery in demand. ....

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Giant Oil Tankers Are Losing Almost $7,000 a Day Amid OPEC Cuts


Giant Oil Tankers Are Losing Almost $7,000 a Day Amid OPEC Cuts
An oil and chemical tanker sits at the Port of Corpus Christi in Texas on Feb. 19. (Eddie Seal/Bloomberg News)
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Times are getting tougher by the day for oil tanker owners.
With too many vessels to haul fuel, losses for supertankers on a benchmark Middle East-to-China route deepened to $6,779 a day on March 9. That’s the weakest earnings since at least 2017 and effectively means vessel owners would be subsidizing the transport of oil on that route. ....

Espen Fjermestad , Organization Of Petroleum Exporting Countries , Middle East To China , Petroleum Exporting Countries , ஆர்கநைஸேஶந் ஆஃப் பெட்ரோலியம் ஏற்றுமதி நாடுகள் , நடுத்தர கிழக்கு க்கு சீனா , பெட்ரோலியம் ஏற்றுமதி நாடுகள் ,