Tanker Rates Surge on Rising Cargoes Before OPEC Deal

The video discusses the Saudi Energy Minister's comments on OPEC's production cuts and the potential involvement of other countries like Russia and Azerbaijan. It explores Saudi Arabia's production strategy, the impact of global oil supply on tanker rates, and the future outlook for oil market rates and demand. The discussion highlights the balance between OPEC's supply management and US shale production, with a focus on key players like India and China.

What are the expected trends in oil tanker rates based on the current market conditions?

Discuss the potential impact of shale production in the US on global oil prices.