No Blast From The Past
16 Jan 2015: The collapse in oil prices that we are experiencing now is not unprecedented. As a matter of fact, something very similar happened in the oil markets in 1985 and 1986. Within a period of 8 months, the Brent crude oil price went from $30 per barrel to $10 per barrel. What was the situation in the tanker market back in the mid-1980s? Is history repeating itself in the tanker market as well?
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