News Headlines:
OIL DAYBOOK EUROPE: Asia Biggest Export Refiners May Cut Runs (Bloomberg)
Some of Asia’s biggest export-focused oil refiners are looking at cutting processing rates as a Covid-19 comeback crimps demand in parts of the region, and as China and India flood the market with excess fuel.
Oil Steady Near $74 With OPEC+ Expected to Trail Demand Revival (Bloomberg)
Oil was steady near the highest since 2018 ahead of an OPEC+ meeting at which the alliance is forecast to announce supply increases that won’t be enough to keep pace with the global demand recovery….. Futures in New York traded near $74 a barrel after rising 1% on Friday. The alliance, which gathers Thursday, will boost output by 550,000 barrels a day in August.
Please click below to view the report
FIS Tankers Daily Report 2021-06-28
For more information please contact
FIS
London +44 (0) 207 090 1120
Singapore +65 6535 5189
Dubai + 971 4 449 3900
Shanghai: +86 21 6335 4002
US (CT): +1 203 325 8004
US (FL): +1 813 490 6630