OPEC+ agrees to revive more output as market looks tighter

The 23-nation OPEC+ alliance led by Saudi Arabia and Russia approved a 400,000 barrel-a-day increase scheduled for February at a meeting on Tuesday.

By Grant Smith, Salma El Wardany, Ben Bartenstein and Dina Khrennikova, Bloomberg Mercury

OPEC and its allies agreed to revive more halted production as the outlook for global oil markets improved, with demand largely withstanding the new coronavirus variant.

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OPEC+ agrees to revive more output as market looks tighter

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

Seven Seas: Customers' green ambitions and actions don't align

DSV's strategy could block acquisition of DB Schencker

German bank to broker CO2 allowances to shipping customers

Jobs