- oil demand to resurge in winter, supporting freight
- aging fleet, scrapping uptick improves supply outlook
For oil demand recovery supply outlook is favorable for clean tankers says an article on SP Global.
Supply favorable for clean tankers
The product tanker market fell into low earnings at the start of the third quarter, following typical seasonality, but forecasts of rebounding oil demand by the end of 2021 and longer-term tanker supply dynamics have given clean tanker owners a bullish outlook.
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Source: SP Global
