Observers confident in tanker market despite OPEC decision

OPEC decision to cut output will only have limited impact on the tanker market, according to Morgan Stanley and Clarksons Platou. Several factors will provide stability for the market.

Photo: DHT Holdings

OPEC members' production cut is bad news for the tanker market, according to Morgan Stanley and analyst firm Clarksons Platou. However, both institutions maintain their confidence in the market.

In new analyses, both observers conclude that OPEC's decision to cut oil production with 1.2 million barrels per day from January 2019 could potentially result in deficits on the tanker market.

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