- Recently, tanker demand and rates have highlighted shifting supply patterns and have sparked a bit of a worry about OPEC’s compliance rates.
- What sparked the worry was a rebound in tanker rates from a low of US$15,000 per day earlier in February to double that last week.
- It’s U.S. light crude, which is being pumped at ever-increasing rates.
- A boom in demand for the crude is expected as a result of IMO2020..
- According to a poll carried out earlier this month by Bloomberg, daily tanker rates...
http://mfame.guru/why-did-oil-tanker-rates-just-double/