日本海事新聞ニュース Japan Maritime Daily Jul 20, 2021 (Tue)

OPEC Plus agrees to ease production cuts and extend the deadline

　At the Ministerial Meeting on July 18, OPEC Plus, which consists of OPEC (Organization of the Petro ・・・ 続きはログインして下さいnext %E3%80%80At+the+Ministerial+Meeting+on+July+18%2C+%3Cb%3EOPEC+Plus%3C%2Fb%3E%2C+which+consists+of+OPEC+%28Organization+of+the+Petroleum+Exporting+Countries%29+member+countries+and+non-member+countries%2C+decided+to+ease+cooperative+production+cuts+by+400%2C000+barrels+per+day+every+month+from+August+and+to+extend+the+deadline+until+the+end+of+2022.+Market+officials+are+watching+the+trend%2C+saying%2C+%E2%80%9CFor+the+VLCC+%28Very+Large+Crude+Carrier%29+market%2C+easing+production+cuts+is+considered+positive+and+extension+of+deadlines+is+negative.%E2%80%9C+%3Cbr%3E%E3%80%80%3Cb%3EOPEC+Plus%3C%2Fb%3E+resumed+the+ministerial+meeting%2C+which+had+been+discontinued+in+early+July%2C+on+July+18%2C+and+decided+on+a+policy+of+cooperative+production+cuts+in+the+future.+Since+August%2C+the+scale+of+production+cuts+will+be+eased+every+month+by+about+400%2C000+barrels+per+day.+The+deadline+was+initially+at+the+end+of+April+2022%2C+but+was+extended+by+eight+months+until+the+end+of+2022.+Since+May+2022%2C+the+production+volume%2C+which+is+the+standard+for+cooperative+production+cuts%2C+will+be+increased+by+about+1.63+million+barrels+per+day+in+total.+%3Cbr%3E%E3%80%80Regarding+the+easing+of+production+cuts+of+about+400%2C000+barrels%2C+a+market+official+said%2C+%E2%80%9CIt+is+calculated+that+the+transportation+demand+for+6+VLCC+vessels+will+increase+every+month.+However%2C+I+can%E2%80%99t+read+how+much+impact+this+will+have+on+the+sluggish+VLCC+market.+%E2%80%9C+%3Cbr%3E%E3%80%80On+the+other+hand%2C+the+market+official+said%2C+%E2%80%9CChina%2C+which+had+been+cutting+inventories+due+to+crude+oil+processing%2C+may+increase+imports+as+cargo+in+the+Middle+East+gradually+increases.%E2%80%9C%2C+pointing+out+that+it+may+lead+to+a+recovery+in+market+conditions.+China+recorded+a+record+high+in+crude+oil+processing+in+January-May%2C+but+mainly+utilized+the+inventories+accumulated+up+to+the+previous+year+and+refrained+from+importing.+%3Cbr%3E%E3%80%80Since+the+start+of+cooperative+production+cuts+in+May+last+year%2C+the+number+of+contracts+concluded+in+the+Middle+East+has+been+sluggish+at+about+90+per+month%2C+but+the+number+of+contracts+concluded+in+June+and+July+this+year+is+gradually+recovering+to+over+110+each.+%3Cbr%3E%E3%80%80%E2%80%9CCoronavirus+vaccination+is+progressing+worldwide%2C+and+production+cuts+are+being+eased+as+the+economy+is+expected+to+recover%2C+and+contracts+in+the+Middle+East+may+steadily+increase+after+August%2C%E2%80%9C+said+a+market+official.+%3Cbr%3E%E3%80%80In+anticipation+of+a+decline+in+prices+of+crude+oil%2C+naphtha%2C+intermediate+distillates%2C+and+other+petroleum+products+due+to+easing+production+cuts%2C+25+contracts+with+product+carriers+such+as+LR+%28Large+range%29+type+2+surfaced+at+once+in+the+Middle+East+after+the+%3Cb%3EOPEC+Plus%3C%2Fb%3E+Ministerial+Meeting.%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9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OPECプラス合意。市況影響、減産緩和はプラス、期限延長はマイナス

2021/07/20(火)

日本海事新聞 JMD

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