Tanker owners are getting a shot in the arm after Opec+ surprisingly agreed to raise crude output by more than 2m barrels per day (bpd) between May and July.
During Thursday’s ministerial meeting, Opec and its Russia-led alliance reportedly decided to hike their combined production ceiling by 350,000 bpd next month, 350,000 bpd in June and 441,000 bpd in July.
