After three months of OPEC+ production cuts, tanker markets are feeling the pressure with both crude and products sector earnings moving lower in July according to Maritime Strategies International.
Back in May MSI forecast quarterly average Aframax one year timecharter rates to fall from $32.4 k/day to $21.6 k/Day at a time when spot markets were seeing record levels. MSI believed the realities of the largest quarterly drop in global oil demand ever seen were never going to present truly...