Profits of oil tanker owners went from their highest to lowest ever in the course of a year as a historic glut reversed, but the industry’s fundamentals are set to improve, says an article published in The Wall Street Journal.
Crude demand during pandemicA year ago, this industry’s ship came in. Then it just sat there.
As the world went into lockdown with planes grounded and cars parked in driveways, demand for crude oil plunged even as it kept bubbling up out of the ground. That was devastating...
https://mfame.guru/super-tankers-doesnt-seem-so-super-as-pandemic-fades/