News Headlines:
OIL DAYBOOK EUROPE: Top Oil Traders Predict Higher Prices (Bloomberg)
The world’s largest independent commodity traders see crude prices rising further as demand keeps growing and supply remains constrained. Yet as top executives from Vitol Group, Trafigura Group and Glencore Plc agreed on oil’s direction, they differed over the size and duration of the rally.
Iran May Get Nuclear Deal by August, Boost Oil Exports, RBC Says (Bloomberg)
Iran and world powers may reach a deal on a nuclear accord by August, allowing U.S. sanctions to be lifted or waived and likely spurring a “strong show” of oil exports, according to RBC Capital Markets. An additional 1m b/d of Iranian crude may hit the market in 4Q; with the surge, Tehran may intend to demonstrate that the “country is unbroken and unbowed by the punitive U.S. action,”
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FIS Tankers Daily Report 2021-06-16
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