Bullish outlook remains for tankers, despite Opec+ supply cuts
The 23-nation Organisation of the Petroleum Exporting Countries-plus alliance does not seem to have achieved its previous commitment for product cuts, while China’s crude demand may be bigger than expected, Poten says
China’s economy recovery has failed to impress so far, but its demand for crude is expected to have a seasonal rebound in the second half of the year as the refinery maintenance season is coming to an end. What is more, low pump prices could prompt more imports into the country
