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As the crude oil industry deals with wild cards like the OPEC deal, the narrowing spread between oil benchmarks and shifts in market share between major oil producing countries, VLCC tankers are feeling the waves too. Will the oil market volatility be the hero or the villain for VLCCs in 2017? In this video, Alex Younevitch, Peter Farrell and Gillian Carr explore the dynamics in VLCC freight and ton-mile demand, giving an outlook for the rest of 2017.
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