Oil price poised to break through new surprising price ceiling
While the offshore sector is improving and there is renewed optimism, carriers are beginning to feel the pain. Not just among tankers, which transport oil, but all carriers which pay for fuel. Now, the price is about to break a new all-time price ceiling.
It is not more than a few months ago that the low oil price was sending supply vessels into retirement almost daily, offshore rigs to the scrap heap, and delaying utility's investments indefinetely.
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