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Russia’s daily oil output narrows gap over Opec+ cap

Bloomberg Russia’s average daily oil production remained above its Opec+ target in October, though the compliance gap is the smallest since the Druzhba crude-contamination crisis earlier this year. The country pumped 47.49 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That equals a daily average of 11.229 million barrels, based ...

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China’s LNG imports poised to drop

Bloomberg China’s imports of liquefied natural gas are poised to drop for the first time in more than three years as buyers grapple with an outage at a key receiving terminal and hefty stockpiles. The world’s top buyer of natural gas imported 3.8 million tons of the fuel in LNG form October 1-30, according to berth data compiled by Bloomberg, ...

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Mystery oil spill in Brazil could have been caused by Greek ship

Bloomberg A Greek ship is being implicated by Brazilian authorities as part of a probe into a mysterious oil spill in the Latin American country. More information is being sought about the merchant vessel that may have been the source of the oil leak, according to statements from the police and federal prosecutor’s office. The ship, which wasn’t named, docked ...

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