BRS Group is predicting a rocky period for VLCCs following the Opec+ decision to cut crude output.

“We suggest that the recent nascent recovery in the VLCC market has been built on shaky foundations,” the Parisian shipbroker said.

It argues that the largest producers look likely to shoulder the biggest burden of the 2m-barrel-per-day (bpd) quota reductions.

Saudi Arabia is set to cut its output by a “mammoth” 526,000 bpd in November, compared with August, BRS believes.