Tanker market report dated 04 December 2020

A year ago, US crude production reached its highest level ever, averaging 12.9 million b/d in November 2019. At the time, many were convinced the sector was set for robust growth in the years to come. However, the global pandemic, a brief but fierce oil price war and an unprecedented negative WTI prices back in April changed all that.

Weekly tanker market report by Gibson Shipbrokers.

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Posted: 07 December 2020

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