(Bloomberg) -- The cost of hiring supertankers on
the world's busiest shipping lanes may slump this quarter as
OPEC, supplier of 40 percent of the world's crude, works to
reduce a glut of crude in the U.S.
Daily earnings for carriers able to haul 2 million-barrel
cargoes of Middle East crude on the main supertanker route to
Asia will drop 42 percent to $47,500 a day, according to the
median estimate of seven analysts polled by Bloomberg News July
5 and 6. They were about $82,000 in the same quarter last year.
Read more at Bloomberg Energy News
the world's busiest shipping lanes may slump this quarter as
OPEC, supplier of 40 percent of the world's crude, works to
reduce a glut of crude in the U.S.
Daily earnings for carriers able to haul 2 million-barrel
cargoes of Middle East crude on the main supertanker route to
Asia will drop 42 percent to $47,500 a day, according to the
median estimate of seven analysts polled by Bloomberg News July
5 and 6. They were about $82,000 in the same quarter last year.
Read more at Bloomberg Energy News
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