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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
OPEC cuts to hit tanker demand; US imports set record. Oil and Gas Journal, 10 September 01, 99(37) pp.
Cuts in crude oil production set to take effect this month by members of the Organization of Petroleum Exporting Countries will depress oil tanker shipping rates as they drive up world crude oil prices. Reducing the net amount of oil potentially exported from the Middle East increases competition among tankers working in the region, forcing some into other geographic markets and thereby depressing tanker rates in those regions.
Abstract details
Journal title: Oil and Gas Journal
Subjects: Trading, Oil markets, Marine transportation, Transportation of products, Transportation, Transmission and Distribution, Crude oil, Oil and gas, Oil, Petroleum products
