Morgan Stanley: OPEC meeting good news for tankers

The OPEC countries' move to sustain a high oil output for the rest of the year is good news for tanker carriers. The rebound could be intensified if a political agreement is finalized with Iran ahead of June 30th.

BY OLE ANDERSEN

OPEC's decision to maintain the current output comes as good news for the tanker market, notes Morgan Stanley in a brief following the meeting of the oil producing economies before the weekend.

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