While the latest Opec export data suggested underlying strength for tanker markets, analysts reckoned short-term prospects are bleak with the oil cartel and its Russia-led allies set to deepen their production cut.
Data from Kpler showed Opec’s seaborne crude exports gained 463,000 barrels per day (bpd) from the previous month to 22.4m bpd in February, in spite of lower exports from Libya.
