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Teekay sees ‘positive indicators’ for tanker market

US-listed company is counting on a recovery in the tanker market in the medium term, although the near-term outlook remains uncertain due to the reported rise in coronavirus cases

Teekay Tankers, which posted a $21m loss in the first quarter, has declared options to repurchase six vessels

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‘Demand [for crude] is partly being satisfied by drawing down on inventories, resulting in reduced demand for transportation,’ DHT said.

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