Tanker market observers are turning their eyes toward Wednesday’s Opec meeting and the possibility of an oil production cut.

Meeting in-person for the first time in more than two years after the Covid-19 pandemic forced proceedings online, the bloc is expected to announce a cut of up to 1m barrels per day, booting the price of oil and potentially holding down cargo availability.

“Seemingly, tomorrow’s meeting should be just like any other monthly get-together by the producer cartel and its allies,” shipbroker Lauritzen & Co said in its morning report on Tuesday.