Tanker market report dated 4 May 2018

Opec’s decision in November 2014 to remove all production limits hit Venezuela particularly hard as the oil price fell to historically low levels. As a result, the nation’s economy slumped from what was already a precarious position and despite the country sitting on the world’s largest proven oil reserves.

The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

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Posted: 07 May 2018

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