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Tanker owners seek floating storage floor amid imploding oil market

Global crude demand has fallen by an estimated 10% to 20%, or 10m-20m barrels per day over the past month, with oil prices now at 17-year lows, although a clear picture has yet to emerge

Numerous chartering deals have failed in the past three days and are being renegotiated as oil traders, refiners and owners struggle to assess a rates floor against a dramatic backdrop of global events

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