OPEC have agreed to extend crude oil production cut of one million barrels for July â23, thus adding to existing supply restrictions. During the second quarter of this year, we showed continue strong tanker market, however freight rates came down from the record levels seen in Q1. The market shock resulting from the drastic changes in Russian oil output trade flows that follow from the sanctions imposed by the G7 Nations and their allies seems to have settled and the values market days are now more acceptin ...