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Weekly Tanker Time Charter Estimates November 14 2018

The VLCC period market has been steady this week, with the one-year time-charter rates currently estimated at $32,500/pdpr. 

Oil prices came under pressure this week as Saudi Arabia announced production cuts, in response to lower demand.

Our short-term estimations for the tanker period market is that crude will remain healthy in to Q1 of next year.

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