Tanker

Reports from OPEC+ meeting are good news for the tanker market

Oil prices fall on Monday after the oil cartel and its allies, OPEC+, on Sunday decided to maintain production cuts.
Continued cuts in oil production are good for the tanker market, says Jefferies. | Photo: Hafnia
Continued cuts in oil production are good for the tanker market, says Jefferies. | Photo: Hafnia
by MarketWire and ShippingWatch

On Sunday, the oil-exporting countries of OPEC+ agreed to maintain reduced oil production well into 2025, report Reuters and US investment bank Jefferies.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Further reading

    Jobs