Morgan Stanley: OPEC deal will have limited effect on tanker boom
It could have a big impact on the tanker market if the oil-exporting nations agree on an output cut Thursday. But it will take some time before the effect emerges. Activity has gone down, but rates remain at a historic high.
The meeting on Thursday between OPEC and several other oil-producing nations will have a big impact on the tanker market, which is one of the few sectors that has yet to suffer from the coronavirus outbreak.
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