Crude tanker company stocks were pushed lower last week following confirmation by Saudi Arabia of production cuts lasting through to the end of the year.
Clarksons Securities noted share prices down 4% over the last month on average, but still 37% up on the year.
“Most crude tanker stocks fell last week on average, though they did rise on the last day of the week,” said analysts Frode Morkedal and Even Kolsgaard.
