Wednesday, April 29, 2020 3:14:56 PM
The boom is expected to last for at least for six months.
“The moment people who are storing the oil, start selling the oil at the same time as countries lift restrictions, then all these ships that are currently storing oil, will flood the market and the rates will come crashing down the way it went up,” the industry executive said.
...
In a world full of gloom, tanker owners are the only ones smiling
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