Guangda Securities: OPEC+ accelerates production increase beyond expectations, the oil transportation market is expected to rebound in the second half of the year.

Guangda Securities research report states that looking ahead to the second half of the year, the oil shipping market is affected by two factors: weak oil consumption demand and unexpected increase in production by OPEC+. It is expected that there will be fewer disruptive factors in terms of oil consumption demand, with current demand expected to improve marginally as trade conflicts ease and macroeconomic conditions improve. The unexpected production increase by OPEC+ is likely to continue to boost demand for oil transportation, and the oil shipping market is expected to improve in the second half of 2025. In the long term, as non-OPEC+ countries increase their market share in the oil market, demand for oil transportation in countries such as West Africa, Brazil, the United States, and Norway is expected to continue to increase. Coupled with concerns about geopolitical risks in the Middle East, the oil shipping pattern is expected to be reshaped, and an increase in shipping distances is expected to further expand the demand for oil transportation, providing a solid foundation for long-term prosperity in the oil shipping industry.