With oil prices taking a turn upwards and demand expected to pick in the second half of the year, shipbrokers are examining whether this trend is a sign of a more bullish market ahead, which could benefit tankers as well, reports Gibson shipbrokers ltd.
Robust oil demandIn its latest weekly report, shipbroker Gibson said that oil prices are back above $60/bbl, their highest level since January 2020, before the Wuhan lockdown.
The report added, “In normal times rising prices typically suggest...