{"id":48746,"date":"2025-05-08T16:28:24","date_gmt":"2025-05-08T14:28:24","guid":{"rendered":"https:\/\/maritimefinance.eu\/?p=48746"},"modified":"2025-05-09T13:18:02","modified_gmt":"2025-05-09T11:18:02","slug":"another-major-opec-production-increase","status":"publish","type":"post","link":"https:\/\/maritimefinance.eu\/da\/another-major-opec-production-increase\/","title":{"rendered":"Another major OPEC+ production increase"},"content":{"rendered":"
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\"Another\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Rates may spike as vessel availability tightens<\/h4>

This week, OPEC+ announced a further increase in oil production of 411,000 barrels per day (bpd), effective from June onwards. This follows a similar rise in May. With a total supply boost of 960,000 bpd between April and June, the group has now reversed about 44% of its earlier 2.2 million bpd cut.<\/p>

Why this volume increase benefits shipping rates
<\/strong><\/p>

  • Lift seaborne crude volumes in the near term<\/li>
  • Support tanker demand across key export regions, particularly the Middle East<\/li>
  • Potentially extend the strong freight environment into the summer months

    <\/li><\/ul>

    If production continues to rise into July, the trend could further tighten vessel availability and improve earnings, especially for VLCCs and Suezmaxes trading on long-haul routes.<\/p>

    Could cuts be rolled back entirely this year?
    <\/strong>Goldman trader Gerald Tan writes in a note that the OPEC decision coincides with “rising geopolitical tensions in the Middle East following a Houthi missile strike on Israel’s main airport.”<\/p>

    According to Reuters, OPEC+ may unwind its total 2,2 mbpd voluntary cut as early as November, which will benefit the tanker market as more crude comes onto the market.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Source: <\/em>Shippingwatch, Reuters.<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

    Rates may spike as vessel availability tightens This week, OPEC+ announced a further increase in oil production of 411,000 barrels per day (bpd), effective from June onwards. This follows a similar rise in May. With a total supply boost of 960,000 bpd between April and June, the group has now reversed about 44% of its […]<\/p>","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[70,68],"tags":[],"post_folder":[73,13],"class_list":["post-48746","post","type-post","status-publish","format-standard","hentry","category-en","category-market-news"],"yoast_head":"\nAnother major OPEC+ production increase - 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\/another-major-opec-production-increase\/\" \/>\n<meta property=\"og:locale\" content=\"da_DK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another major OPEC+ production increase - European Maritime Finance\" \/>\n<meta property=\"og:description\" content=\"Rates may spike as vessel availability tightens This week, OPEC+ announced a further increase in oil production of 411,000 barrels per day (bpd), effective from June onwards. This follows a similar rise in May. 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