Rates for the biggest tankers soar on the heels of OPEC deal

Clarksons Platou expects significant rate increase in the tanker market, especially later this year, even though the OPEC deal last week increased oil supply by only 1 percent.
Photo: BW Shipping
Photo: BW Shipping

Rates for the biggest oil tankers, VLCCs, are up 50 percent right now at around USD 18,000 per day compared to last week.

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