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OPEC boosts oil-demand outlook while its production rises

The Organization of Petroleum Exporting Countries upgrades its forecast for the amount it needs to supply this year and next year while its production rises.

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Frontline hit by weakest tanker market in four years

Over the third quarter, John Fredriksen's tanker carrier Frontline rejected unreasonable offers from customers, especially for the large VLCCs, which had a negative impact on the result, says CEO Robert Hvide Macleod.

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