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International Tankers and Gas VLCC

Opec cuts and weak oil demand to hit tanker rates

Weakening global oil demand due to the coronavirus pandemic and production cuts by the Organisation of the Petroleum Exporting Countries is likely to keep downwards pressure on tanker charter rates throughout this year

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Despite the proposed cuts to oil production, there is strong short-term support for tankers from storage economics, says Cleaves Securities

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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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