World Energy News: Has the Link between OPEC Production and VLCC Rates broken?

15 August 2016: “ For the tanker market, in particular for VLCCs, increasing Middle East OPEC production is typically a good sign. Poten and Partners in its Shipbrokers Reports says that does not appear to be the case at this particular moment, since the tanker market is mired in a slump with rates hitting multi-year lows.”