As Saudi air strikes target rebels in Yemen, analysts at Pareto Securities believe the fall out for the crude sector will be mixed but positive.
Pareto’s Eirik Haavaldsen says the action has raised the oil price to wipe out renewed talk on the re-emergence of floating storage in the VLCC market.
However, he believes the action may have an uplifting impact on rates, with suezmaxes the greatest potential beneficiary.
Haavaldsen
