ShippingWatch

Platou: Iranian nuclear accord could boost VLCC rates

Analysts Platou estimate that the supply of and demand for Iranian oil will increase, and that the VLCC rates could improve significantly over the next two years.

The nuclear accord signed on Sunday between the United States, Russia, France, China, Great Britain, and Germany could benefit rates in the tanker segment in the long term, says Platou in its latest analysis.

While there is no apparent prospect of changes to the Iranian oil market during the first six months, where the sanctions against the country's oil export remain effective, Platou notes that the price for a barrel of the European reference oil, Brent, declined by three dollars on Monday morning, due to rumors that the sanctions would be lifted after the first six months.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs