Growing US crude production and exports could provide a welcome boost for the tanker sector, says a top US shipbroker.
Poten & Partners says persistent high oil prices amid a tight global oil market have created a powerful incentive for US crude oil producers to put more rigs to use and expand tight oil production.
Major producers like ExxonMobil and Chevron have announced in their recent quarterly earnings calls that they will boost production by 25% and 10% respectively.
