Crude tanker earnings fall amid Opec worries and oversupply
The upward momentum in crude tanker earnings seem to have softened as the Organisation of the Petroleum Exporting Countries cuts production amid slow demand. The market is also faced by severe oversupply concerns owing to a large number of newbuild deliveries
There are around 18 newbuilds to be delivered in the first quarter of 2019, with 10 in January alone
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