The headline figure of Opec crude production cuts looks bad for tanker owners, but the small print holds some hope, analysts argue.
The exporting group announced a bigger-than-expected output reduction of 2m barrels per day (bpd) at a meeting in Vienna on Wednesday.
However, Oslo shipbroker Lorentzen & Co believes this translates to an actual cut of about 1m bpd, while Fearnley Securities assesses the real reduction at 1.1m
