https://allaboutshipping.co.uk/2025/05/29/sing-fuels-daily-report-29-may-2025/
OPEC
OPEC+ Adopts Plan for 2027 Baselines Ahead of July Output Hike Talks
OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July.
https://gcaptain.com/opec-adopts-plan-for-2027-baselines-ahead-of-july-output-hike-talks/
Market report: Positive trade vibes sends FTSE 100 towards record highs
- FTSE 100 opens higher, heading towards February’s record levels.
- Investors’ hopes have been raised for more fruitful negotiations between the US and its trading partners.
- Brent Crude prices steady at just under $65 a barrel, amid trade talks and looming OPEC meeting.
- Higher food price inflaion is back in the trolley, and discounting eases off for non-food ranges.
Susannah Streeter, head of money and markets, Hargreaves Lansdown:
‘’A mood of cautious relief is spreading after...