Latest news
Dutch VTTI to auction LNG capacity rights in early 2023
Dutch energy and chemical storage specialist VTTI will hold an open season early next year to auction off capacity rights to a 5bcm floating LNG terminal it plans to open in the Netherlands in early 2024.
read more... 14/12/2022
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EU reaches deal for $60/b price cap on Russian crude ahead of G7 deadline
The EU reached an agreement Dec. 2 for a $60/b price cap for Russian crude, paving the way for the G7-led initiative to launch Dec. 5, a move expected to further shake up global seaborne oil trade as Russian crude and oil products struggle to find new buyers.
read more... 05/12/2022
Oil prices could fall without further OPEC cut
LONDON, Dec 1 - OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) when it meets on Sunday, but some analysts believe that crude prices could fall if the group does not make further cuts.
read more... 02/12/2022
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OPEC decision to hold virtual meeting signals little likelihood of policy change, cap on Russian oil awaited
The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday.
read more... 30/11/2022
EU fails to agree on Russian oil price cap
European Union governments failed to agree on Monday on a price cap on Russian seaborne crude oil, as Poland insisted that the cap had to be set lower than proposed by the G7 to cut Moscow's ability to finance its invasion of Ukraine, diplomats said.
read more... 29/11/2022