Christian Waldegrave, head of research at Teekay, expects a stable oil price and continued high OPEC production has the market set fair for the next few months.
“Looking ahead in July there is no reason not to expect rates to stay pretty strong,” he said in a tanker market update.
“As we go through the summer months we expect rates will stay pretty high in that $30,000 to $40,000 per day range we are seeing on the suezmax and the aframax,” he added in a video the owner posted on YouTube.
