Should tanker owners be spooked by Opec demand revisions?

DNB analyst sees room for production boost despite bloc’s ongoing demand forecast cuts

VLCC owners have spent much of the year looking towards unwinding Opec production cuts as a catalyst for higher rates.
VLCC owners have spent much of the year looking towards unwinding Opec production cuts as a catalyst for higher rates.Photo: Adnoc L&S
Published 13 November 2024, 13:32Updated 13 November 2024, 15:53
OpecOpec+Tanker ratesVLCCsSuezmax tankers