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Last week's OPEC decision to maintain its quota of 30M bbl/day had the added effect of...
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Wednesday, June 20, 2012, 2:26 PM ETLast week's OPEC decision to maintain its quota of 30M bbl/day had the added effect of emboldening tanker operators to raise shipping rates for very-large crude carriers, as Bloomberg calculates Q3 rates will average $18K/day vs. a low of nearly half as much in Q2. Stocks poised to benefit after painful declines: FRO, SFL, NAT, OSG, TNK, TNP.
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Also, I would be VERY interested in a good tanker stock analysis for 2012/2013. Does anyone have a nice link?
Thanks :)