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International Tankers and Gas

Tanker markets lift off as crude price plummets

Freight futures and physical trading reinforces market expectations that falling crude prices will translate to improved tanker demand and higher rates, alongside any recovery in the global economy from the coronavirus outbreak

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Both physical and paper crude tanker rates for routes to Asia jumped on Monday as the plunge in crude prices raised expectations that demand from Chinese refineries will be boosted and also lead to increased floating storage

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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