Market Improves for Crude Oil Tankers

Friday, June 24, 2011

According to a report from Bloomberg, supply and demand for tankers that transport about 46% of the world’s crude oil may be improving, according to data from Clarkson Research Services Ltd. Demand to ship oil will expand 3.8% this year the service said, up from last month’s estimate, and the fleet will expand more slowly, at 7.1% rather than 7.4%.

 
Source: Bloomberg
 
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