Oil supertankers fetch astronomical rates with vessels scarce
Oil outfits see a huge surge in tanker rates as fleet utilization approaches 100 percent, with analysts saying the market could "go higher" in the short run.
By Firat Kayakiran, Bloomberg
Oil companies are being forced to pay exorbitant prices for oil tankers as shipowners book vessels for storage and Saudi Arabia snaps up ships as it prepares to flood the market with crude.
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Cheap oil sends tanker rates soaring
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