OPEC Struggle to Reach Agreement, Shippers’ Costs Rise — Panjiva
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OPEC Struggle to Reach Agreement, Shippers’ Costs Rise

Commodities 189 Energy - Bunker Fuel 90 Energy - Crude Oil 311 Logistics 476 Theme - Rates 239

The Organization of Petroleum Exporting Countries meet in Vienna today, amid struggles to achieve discipline in oil production, according to Bloomberg. While recent oil price rises can be explained in part by export disruption in Canada (wildfires), Nigeria (conflict) and Iraq a new OPEC agreement might increase prices further. A 33% rise in oil prices … Continue reading “OPEC Struggle to Reach Agreement, Shippers’ Costs Rise”

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