Platou: Libyan oil production could aid tank market
An improving Libyan oil production could have a positive effect on the crude oil tank market, says Platou.
by DANIEL LOGAN
The fundamental problem for the tank market this year, besides the massive overcapacity, has been the declining oil trade, writes Norwegian analysts Platou. The oil market has been struggling with supply disruptions from vital oil producers, most recently Libya, where oil production declined to 150,000 barrels per day earlier this month.
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