News Headlines:
OIL DAYBOOK EUROPE: OPEC+ Seen Boosting July Supply; China Bets (Bloomberg)
— OPEC and its allies are expected to reaffirm plans to boost oil output when they meet next week, restoring more of the supply halted during the pandemic. Most analysts and traders surveyed by Bloomberg predicted that OPEC+ will ratify an increase of 840,000 barrels a day scheduled for July.
Oil Tanker King John Fredriksen Steps Down as Frontline Chairman (Bloomberg)
John Fredriksen, the 77-year-old billionaire who made his fortune in shipping, is stepping down as the boss of Frontline Ltd., one of the world’s largest supertanker owners.
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FIS Tankers Daily Report 2021-05-28
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