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Oil supertankers brace for worst year since 2013 on OPEC cuts

OPEC's decision to slash crude output by 1.2 million barrels per day will hit VLCC earnings next year, project several analysts. As such, the supertankers could face the worst earnings year since 2013.

Euronav VLCC | Photo: Euronav

Oil-hauling supertankers are bracing for the worst earnings year since 2013 as they become collateral damage in OPEC’s quest to trim a global glut of crude.

This can lead us back to the market in 2013"

Frode Mørkedal, analyst, Clarksons Platou

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