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Tanker carriers heading into gloomy 2017

Uncertainty concerning the oil price and many newbuildings in the first quarter means that 2017 looks set to be a tough year for tankers which transport crude oil, project two analyst firms.

Photo: Euronav

It has been a turbulent year for tanker carriers sailing with crude oil.

Despite a slight spike at the end of 2016, spot rates have generally fluctuated while uncertainty about an OPEC agreement has created oil price turmoil.

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