Mcx Full Independent Trading Guide

OPEC Cuts? Rates Plunge? Oil Tanker          Market to Shrug It All Off It’s never ideal if you own a fleet of crude tankers and the world’s oil producers remove millions of barrels of cargo from the market to avert a glut. Nor is a collapse in charter rates normally the best news. While both those things happened in the past few months, the people paid to evaluate the shipping industry’s prospects are actually turning a little more bullish. The analysts’ optimism stems from a conviction that the world’s refineries will have to process more crude in order to supply ships with new kinds of fuel in 2020 under rules set out by the International Maritime Organization. On top of that, historic trade flows are at risk of disruption as OPEC and allied producers curb output of one type of crude at a time when American drillers boost supplies of another/.“Despite the latest meltdown, we remain bullish about the tanker market mainly because we believe IMO 2020 requirements will push for

Oil prices rise on Saudi cuts to U.S., Venezuela struggles to keep up exports * Saudi oil supply to U.S. falls to 442,000 bpd * But U.S. crude oil stocks still rise * U.S. crude output at record 11.9 million bpd * Amid sanctions, Venezuela struggles to keep up exports (Adds comment, updates prices) SINGAPORE, Jan 31- Oil prices rose for a third day on Thursday, pushed up by lower imports into the United States amid OPEC efforts to tighten the market, and as Venezuela struggles to keep up its crude exports after Washington imposed sanctions on the nation.U.S. West Texas Intermediate (WTI) crude futures  were at $54.47 per barrel at 0758 GMT, up 24 cents, or 0.4 percent, from their last settlement. International Brent crude oil futures were up 36 cents, or 0.6 percent, at $62.01 per barrel.The price rise came after a report from the U.S. Energy Information Administration (EIA) on Wednesday showed a drop in Saudi crude supply to the United States."Crude oil prices were stro