Opec reached a deal that will see its member, and some non-member, countries effectively cut some 1.2 million barrels per day of oil production in an effort to boost prices.
The cuts potentially represent a mixed bag for tanker markets as some cargo volumes decline next year, but non-Opec exporters could fill the void and pump more oil.
The 14-member cartel said it plans to target production starting next year of 32.5