S&P Global Platts: Dirty tanker markets face reality check after boom busts: Fuel for Thought

15 July 2020

“If oil demand returns quickly, the tanker market will likely be strong once oil inventories have normalized,” analysts at Poten & Partners said in a recent note.

“If demand growth stalls, the tanker market will be affected but, in contrast to most other demand declines in the past, the current tanker fleet has a relatively modest order book and an age profile that allows for a relatively quick recovery,” Poten & Partners added.

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