TradeWinds News: Weaker oil prices lead to stronger tanker earnings? ‘Not necessarily’
May 7, 2020
In a webinar held by Poten & Partners on Thursday, a participant asked whether tanker markets could stage a recovery if crude prices weaken later this month.
To this, the brokerage’s tanker research head Erik Broekhuizen replied: “The answer is, not necessarily.” Much would depend on if the market structure can lead to further floating storage demand, he said.
To read the full article, click here.
