Kepler Cheuvreux head of shipping research Petter Haugen is getting bullish on tankers amid talk of a return to $100-a-barrel oil.

Crude oil prices recently climbed to almost $75 per barrel, their highest level in nearly three years, with continued recovery in European and US consumption.

Executives from major traders told the FT Commodities Global Summit that $100 crude is looking likely, due to supply constraints during the energy transition to a low-carbon economy.