Offshore

Tanker equities rise after historic US oil collapse

The historic implosion of US WTI crude rubs off on North Sea oil, which is down 21 percent as of Tuesday midday. This causes tanker equities and rates to rise, but it is not sustainable in the long term, says Arrow Shipbroking Head of Research Burak Cetinok.
Photo: Mark Ralston/AFP / AFP
Photo: Mark Ralston/AFP / AFP
by TRINE VESTERGAARD

West Texas Intermediate crude's Monday collapse is resulting in major fluctuations within both oil and equity markets on Tuesday.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs