A warning light for tanker owners has been flashed by Clarksons Platou Securities as floating storage becomes increasingly uneconomical.

A flattening of the Brent futures curve has triggered a “yellow light” for the crude market as the release of tankers from storage duties could depress rates in the coming months, analysts Forde Morkedal and Herman Hildan believe.

A rising oil price has all but wiped out contango in the market and is expected to trigger a drawdown in inventories.

“There