Russia oil turmoil seen driving tanker market higher

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Russia oil turmoil seen driving tanker market higher
Portugal Últimas Notícias,Portugal Manchetes

Freight rates have hit record highs in recent weeks and analysts expect them to stay supported for both crude and oil products tankers

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Ingerslev said the conditions had prompted ship owners from other segments such as dry bulk to invest in tanker assets.

“Longer distances create more uncertainty operationally and customers need to start planning a lot longer,” he said. “The price cap is on paper clear, but in practical terms we need to see how it will take shape,” Ingerslev said.

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It’s such a shame that Canada doesn’t have any oil and gas at their fingertips…. Oh wait a sec…. 🤪🤪

So is your almighty PM with his blocking of Canadian resources production and carbon tax. How about you do your job and report on that instead of worrying about what other countries do? That would be a good thing.

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