Sunday, October 6, 2024

Oil Set for Biggest Weekly Gain in 2017 as OPEC Eyes Extension

From Bloomberg: Oil headed for its biggest weekly increase this year amid speculation OPEC will extend its deal to curb output and ease a global glut. Futures are up 5 percent in New York this week, climbing back above $50 a barrel after Kuwait Oil Minister Issam Almarzooq reiterated support for prolonging a six-month deal to trim supply past June. The market

Russian Tanker Forges Path for Arctic Shipping Super-Highway

From Reuters: An ice-breaking tanker docked for the first time at Russia’s Arctic port of Sabetta to test a new route that could open the ice-bound Arctic Ocean to ships carrying oil and liquefied gas. The route is eagerly anticipated by energy firms that want to develop resources in the Arctic but face obstacles in getting oil and gas from

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