News Headlines:
OIL DAYBOOK EUROPE: OPEC+ Ministers Meet to Debate Output Hike (Bloomberg)
OPEC+ ministers will meet later on Thursday to decide whether to hike output in August or September, or hold off for a while longer. While Russia is leaning toward opening the taps, Saudi Arabia is sounding cautious. Shale Will Wait for OPEC Before Opening Taps, Conoco Says and Russia Able to Boost Oil Production Quickly If OPEC+ Agrees.
Benchmark Oil Tanker Rates Dip; U.S.-Europe Clean Route Jumps (Bloomberg)
Rates for hauling oil on the benchmark Middle East-to-China route edged lower to WS 31.95, That equates to a daily loss of -$3,961 vs -$4,281 Tuesday. Rates for ships hauling refined products on the TC14 U.S. Gulf to Europe route added 11% to WS 93.93, the biggest move for clean tankers.
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FIS Tankers Daily Report 2021-07-01
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