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Cuts by OPEC+ seen putting the brakes on VLCCs

OPEC+ countries yesterday agreed on their deepest cuts to oil production since the onset of the covid pandemic with oil prices showing significant gains in the ensuing 24 hours. Cuts of 2m barrels per day or 2% of global demand will kick in from next month. “The cut is negative for tankers, though, based on …

WP_Post Object ( [ID] => 279970 [post_author] => 74 [post_date] => 2022-10-06 06:05:28 [post_date_gmt] => 2022-10-06 06:05:28 [post_content] =>

OPEC+ countries yesterday agreed on their deepest cuts to oil production since the onset of the covid pandemic with oil prices showing significant gains in the ensuing 24 hours. Cuts of 2m barrels per day or 2% of global demand will kick in from next month. “The cut is negative for tankers, though, based on …

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