Oil tanker market turns ‘bullish’ in wake of cuts

The 'Xin Run Yang' oil tanker, operated by Cosco Shipping Holdings Co., rides its mooring while being loaded with crude oil near Saudi Aramco's Ras Tanura oil refinery, in Ras Tanura, Saudi Arabia, on Wednesday, Oct. 3, 2018. Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification. Photographer: Simon Dawson/Bloomberg
The 'Xin Run Yang' oil tanker, operated by Cosco Shipping Holdings Co., rides its mooring while being loaded with crude oil near Saudi Aramco's Ras Tanura oil refinery, in Ras Tanura, Saudi Arabia, on Wednesday, Oct. 3, 2018. Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification. Photographer: Simon Dawson/Bloomberg

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