As stated, OPEC is planning to agree on a freeze or cut to oil production among its members.
In the spot market Aframax rates hit new year high for cross-Med voyages reaching WS140.
On the other hand period rates for Aframaxes were slightly higher for 1Year TC reaching $17,250 pdpr while
bigger VLCC rates for 1 year are expected to be on the same levels, around $30,000 pdpr.
