Crude tanker market ‘now past the bottom’
Jefferies predicts a categorical crude tanker rebound that will last for quarters, potentially even years, as all the right pieces fall into place; oil market supply and demand dynamics, fuel-driven regulation and record scrapping levels put tanker owners in the pole position for success
Jefferies believes the 2020 sulphur cap, low crude inventories, higher Opec production volumes and spiking demand will drive tanker earnings upwards