9 Jun 2017: For a tanker analyst, whenever you make a prediction or forecast regarding the direction of the shipping markets, there is always a disclaimer that unexpected geopolitical events could materially change the timing as well as the magnitude of any market correction (up or down). This week’s unforeseen events in Qatar demonstrated again how prudent this disclaimer is. Although the situation remains fluid and can change any time, it is sensible to evaluate what the implications could be for the tanker market, both in the short-term as well as for the longer term. Although Qatar is a more important player in the LNG market than in the crude oil and petroleum product markets, we will focus in this opinion on the impact on oil markets.
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