Senior Editor Kevin Saville discusses OPEC production figures. Output is on the rise, with OPEC members still producing above their agreed-upon limits. The cartel will need to monitor global product inventories especially as the market exits heating oil season, and may need to lower output when it next meets in March.
Senior Writer Leslie Moore-Mira talks about recent US legislation that sanctions companies and governments selling petroleum to Iran, and a move on the state level to penalize investors exposed to certain Iranian industries. Specifically, California’s insurance commissioner has identified more than $6 billion held by the state’s insurers in companies doing business in Iran.
Oilgram Price Report Editor-in-Chief Jeff Mower discusses a draw-down in gasoil from floating storage in the North Sea. The world remains glutted with gasoil -- called heating oil in the US -- but increased demand throughout the northern hemisphere has lured some of that product out of floating storage.
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This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world. Check back every week for the latest update.
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