As the OPEC meeting on Oil Cuts begins today, OPEC Ministers are optimistic for a deal close.

If an agreement on production quotas for members materializes, then Russia is ready to join the deal and even potentially decrease its own production.
In the meanwhile spot Aframax TD7 rates boosted up this week to hit a 17-month high, reaching $51,000/pdpr.
Other positive news includes the Canadian government approved pipeline that should boost the Trans-Pacific tanker transit market.
Period tanker rates are estimated to remain at the same levels this week with Suezmaxes achieving $22,000/pdpr for 1 Year TC voyages.