It’s not very often that a leader of a large oil producing nation calls on other oil producing countries to actually pump more oil. But this is what Joe Biden asked for at the G20 a couple of weeks ago. This isn’t the first time his administration has asked OPEC+ to pump more oil. They asked back in July for additional volumes. However, for now at least, OPEC+ appear committed to their stated pathway of boosting crude by 400kbd per month.
The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
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