The OPEC-led production cuts are having negative implications for crude tankers, particularly very large crude carriers (VLCCs), where earnings saw a significant drop since the start of the year.
News ID: 75194 Publish Date : 2017/07/26
CRUDE production from the Organisation of the Petroleum Exporting Countries decreased by 140,000 barrels per day in February compared with January.
News ID: 73032 Publish Date : 2017/03/15
First signs of new limits impacting the freight market have emerged, Credit-Suisse and Morgan Stanley say.
News ID: 72556 Publish Date : 2017/02/23
Credit Suisse analyst hits back at suggestions the tanker up-cycle is a thing of the past.
News ID: 71554 Publish Date : 2017/01/14
President:
"Iran has a power which will enable it to participate and have bargaining power in the OPEC session, becoming successful in the international talks alike the Joint Comprehensive Plan of Action (JCPOA); The output increase will help national strength in the OPEC session," President Rouhani told a group of people.
News ID: 70828 Publish Date : 2016/12/12
2016: Upward Trend in Oil Price
It is about two years that the oil producer countries in the world have been placed in an inactive position. They do not have the capability to determine the market’s conditions nor find an appropriate solution and just are seeking someone from heaven to change the oil world market and the equation in favor of them.
News ID: 66031 Publish Date : 2016/08/21