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20 November 2008 The on-line newspaper devoted to the world of transports 09:46 GMT+1



February 16, 2004

Tanker market remains strong

By Andrew Lansdale, Special to Gulf News


Many commentators in the tanker market were taken by surprise by the Opec decisions last week. The meeting in Algeria urged member states to stick to their production quotas, maintain the production ceiling at 24.5 million barrels per day (bpd), but to reduce this ceiling by one million barrels per day from April 1.

It was agreed that remedial supply responses were needed to maintain the market balance and avert downward pressure on oil prices ......
Read more on Gulf News





ITAL-PRO-RA.MAR. Fortune International Trasport Autorità Portuale di Taranto


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