News Headlines:
OIL DAYBOOK EUROPE: Vitol Says OPEC+ Will Drive Prices; Meeting (Bloomberg)
The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group. There’s little chance of Iranian barrels returning to global markets this year and U.S. shale producers aren’t investing enough to raise output quickly, the world’s largest independent oil trader said.
* OIL FUTURES: Oil Steadies Ahead of OPEC+ Producers Meeting on Supply Policy
Tankers lose more than $3bn annually on VOC emissions (Splash 247)
Around 70m barrels of hydrocarbons are lost yearly due to evaporation of volatile organic compounds (VOCs) during loading, storage and transportation of crude oil on ships, representing a value of $3bn to $3.5bn.
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FIS Tankers Daily Report 2021-10-04
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