A Glimmer of Hope for Tankers?
The tanker market could find support from the potential return to the market of Iran, Venezuela and of course shale oil in the US. In its latest weekly report, shipbroker Gibson said that “despite recent cold weather in Texas disrupting oil and gas production, a comeback in US shale may already be on the horizon given the increasingly bullish fundamentals of the global oil market. Goldman Sachs have revised up their 2021 oil forecasts to around $72/bbl WTI and $75/bbl Brent by Q3. This is significantly higher than the EIA ...
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