The decision by Opec+ countries to cut supplies could lead to lead to small gains for the tanker trade with a minor shift in trade patterns, according to analysts.
The Opec group and other suppliers including Russia announced on Monday they would cut supplies by 100,000 barrels per day, a tiny fraction of its near 44m bpd production goal.
The small reduction was seen as largely symbolic but comes amid broader concerns about global oil flows before a European embargo on Russian oil imports from December and the latest downbeat assessment of bringing Iranian oil back to mainstream markets.
