Singapore—OPEC’s agreement to slash crude output from the start of next year is likely to have a negative impact on crude tanker earn- ings, with shippers expecting a big drop in the number of cargoes exported from the Middle East, shipping market sources said December 18. OPEC announced December 17 the third in a series of crude output cuts since Sep- tember totaling 4.2 million b/d, with ministers saying the latest reduction would result in an effective cut of 2.2 million b/d (ON 12/18).
展开▼
