U.S. Continues To Pressure OPEC

Wednesday, March 22, 2000
Oil resumed its slide on Wednesday as Washington kept up pressure for a big OPEC output rise to prevent a politically-damaging U.S. gasoline shortage.

International benchmark Brent Blend crude oil futures for May delivery shed 21 cents to $25.51, having slumped $1.35 per barrel on Monday and recovered 52 cents on Tuesday.

U.S. light crudes were 23 cents off at $27.58.

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Offshore

Italian Navy Takes Back Fishing Boat Seized Near Libya

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Steelhead Introduces a New Yacht Crane

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SEACOR Marine Sweeps NOIA SIS Awards

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Finance

Baltic Index Perks up on Increased Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Thursday as rates for bigger vessels rose.

Tanker Lifts One Million Barrels of Crude at Hariga

A tanker left Libya's eastern oil port of Hariga after lifting one million barrels of crude, an oil official said on Thursday. No new tanker was expected in the next few days,

Georgia Port Increases Container Traffic

The Georgia Ports Authority increased containerized cargo in March by 27.8 percent compared to the same month a year ago, for an additional 72,499 20-foot equivalent container units (TEUs).

 
 
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