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Extended oil price war to cloud tanker prospects despite rate surge

Brokers argue that a low oil price, if continues, will take a toll on US oil exports and hence reduce ton-mile demand for tanker shipping. They are concerned that the tanker shipping rally could be short-lived with overall oil consumption curbed by the darkening economic outlook

Poten says the future is still anyone’s guess on whether Saudi Arabia and Russia might come back to the negotiating table

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