News Headlines:
OIL DAYBOOK EUROPE: Shale Rushes to Lock In Price Rally; OPEC+ (Bloomberg)
As soon as OPEC+ negotiations fell apart on Monday, stoking fears of a supply squeeze and sending oil prices soaring, U.S. shale executives began hitting the phones. They were securing hedges — locking in prices for the oil they plan to produce next year, protecting against a potential slump.
Oil Tanker Rates Remain Pressured as OPEC+ Keeps Supply Curbed (Bloomberg)
Rates for most classes of crude oil and oil- product tankers stayed depressed Tuesday with little sign of OPEC+ nations boosting production and, in turn, the flow of cargoes. Seeing the majority of rates move by less than 1%
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FIS Tankers Daily Report 2021-07-07
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