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.

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