Failure of Opec members to secure a cap on oil production this weekend is music to the ears of tanker owners even if their share prices are unlikely to be hauled up by the development, analysts say.
With no Iranian representative in Doha an agreement was always unlikely and so it proved on Sunday.
“Tanker companies can breathe out in relief once again as their life expectancy has been extended once again,” said Erik Nikolai Stavseth of Arctic Securities.
“Although
