TradeWinds: VLCCs looking forward to double lift from sanctions and Opec

April 7, 2025 “Given the tightening fleet, rising volumes and discounted barrels, VLCC rates look to be well supported despite the broader market uncertainty and recession risks,” Nokta added. The bump in Opec production was largely unexpected and represents triple the planned production rise, Poten & Partners analyst Erik Broekhuizen said. He noted that the bloc looked bullish, especially in the second half of the year, versus the majority of market observers who remain less enthusiastic about oil’s prospects, especially in light of economic uncertainty following combative new US trade policies.

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