{"id":298,"date":"2018-06-20T14:09:27","date_gmt":"2018-06-20T13:09:27","guid":{"rendered":"http:\/\/pidsite.kmsitsolutions.com\/?p=298"},"modified":"2018-06-20T14:09:27","modified_gmt":"2018-06-20T13:09:27","slug":"oil-cartel-opec-increases-production","status":"publish","type":"post","link":"https:\/\/maritimefinance.eu\/da\/oil-cartel-opec-increases-production\/","title":{"rendered":"Oil cartel OPEC increases production"},"content":{"rendered":"<p>Removes production cuts equal to 1 million barrels a day<\/p>\n<p>According to Reuters, OPEC has reached an agreement, despite the disagreement that existed before the meeting, to reduce production cuts equivalent to one million barrels a day. This means an actual increase of 600.000 barrels from today\u2019s production levels.<\/p>\n<p>There is always some uncertainty about how much impact it will have on the tanker market, but it can surely only be interpreted positively.<\/p>\n<p>An increased supply of 1 million barrels a day, according to Clarkson\u2019s, could increase prices from $15.000 to $25.000 a day for the largest ships. Two million barrels can raise the rates to $40.000 according to the same company. We have already seen positive trends for the rates in recent weeks, and it will be exciting to follow the development ahead.<\/p>\n<p>We expect to see a gradual increase in production and we believe this is the first step towards removing production cuts from 2016. The cuts have worked, the oil price has stabilized at a higher level, oil stocks have been reduced, and it is now time for the oil companies to acquire market shares again.<\/p>\n<p>In other words; The future in the tanker market looks significantly brighter than it has for long!<\/p>","protected":false},"excerpt":{"rendered":"<p>Removes production cuts equal to 1 million barrels a day According to Reuters, OPEC has reached an agreement, despite the disagreement that existed before the meeting, to reduce production cuts equivalent to one million barrels a day. This means an actual increase of 600.000 barrels from today\u2019s production levels. There is always some uncertainty about [&hellip;]<\/p>","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[14,15],"tags":[],"post_folder":[],"class_list":["post-298","post","type-post","status-publish","format-standard","hentry","category-company-news","category-market-reports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil cartel OPEC increases production - European Maritime Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/maritimefinance.eu\/da\/oil-cartel-opec-increases-production\/\" \/>\n<meta property=\"og:locale\" content=\"da_DK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil cartel OPEC increases production - European Maritime Finance\" \/>\n<meta property=\"og:description\" content=\"Removes production cuts equal to 1 million barrels a day According to Reuters, OPEC has reached an agreement, despite the disagreement that existed before the meeting, to reduce production cuts equivalent to one million barrels a day. This means an actual increase of 600.000 barrels from today\u2019s production levels. 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