Bloomberg: OPEC Production ‘Supports’ Oil Supertanker Rates

“Drawing from numerous Poten statements, Bloomberg based this article on how “OPEC’s decision to keep crude oil production to a two-decade high may boost supertanker rates”. “OPEC production, concentrated in the Middle East, boosts demand for so-called very large crude carriers, or VLCC’s tankers able to carry 2 million barrels of oil”. “OPEC nations today are producing close to, or at, their maximum capacity.”