Mon, 20 Apr 2020 21:00:58 +0000
Members of OPEC and allies (OPEC+), agreed to a historic production cut of 9.7 million barrels of crude oil per day (m/bpd) to reduce the massive production overhang and set a price floor to limit the fall in oil prices. The production cut is however not believed to be enough to offset the drop in …
Full article: https://www.hellenicshippingnews.com/opec-production-cuts-will-end-profitable-crude-oil-tanker-journeys/