Tanker Market Volatility Could Ramp Up After UAE’s OPEC Exit

The tanker market’s volatility could increase in the long-term, after UAE’s decision to exit OPEC. In its latest weekly report, shipbroker Intermodal said that “in a move that challenges the coherence of one of the most well known cartels in the global economy, the UAE has announced its decision to withdraw from OPEC, ending nearly …

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