News Headlines:
OIL DAYBOOK EUROPE: OPEC+ in Crisis as Members Abandon Meeting (Bloomberg)
OPEC+ was plunged into a crisis as a worsening fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase. What happens next will determine whether the breakdown of talks– which sent Brent crude climbing toward $80 a barrel — could escalate into a conflict as bitter and destructive at last year’s price war.
TANKER WEEKLY WRAP: Total Crude Exports Surge; Fuels to Europe (Bloomberg)
Aggregate crude exports from 31 countries or regions rose by about 700k b/d from May to June. European fuel imports from India and the Americas rose to multi-month highs in June.
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FIS Tankers Daily Report 2021-07-06
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