Tanker Market To Perform Well As Floating Storage Unwinds

Capt. John
  • Oil demand is coming fast, floating storage has peaked.
  • Oil already stored on tankers will be drawn down much quicker than predicted, rate pain during the drawdown period will be less prolonged than expected.
  • Market dynamics will revert to old-fashioned supply versus demand, demand will exceed constrained supply, ergo rates will rise.
  • Sure, rates will be down in the near term, but the future looks great and tanker stocks are trading at a discount, so buy the stocks.
  • Frontline reported net...

https://mfame.guru/tanker-market-to-perform-well-as-floating-storage-unwinds/

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