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Page 28 - Neuronav News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Euronav Announces Third Quarter 2021 Results

Euronav Successfully Tests Biodiesel Blend on Suezmax Tanker

Euronav Successfully Tests Biodiesel Blend on Suezmax Tanker

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UPDATE 1-Euronav swings to loss, sees freight rate squeeze until late 2021

路透新闻部 (Adds detail, CEO comments) Feb 4 (Reuters) - Belgium’s Euronav expects pressure on freight rates to continue until late 2021, the tanker operator said as it reported weaker than expected quarterly results on Thursday, citing OPEC+ export cuts because of the COVID-19 pandemic’s impact on demand for oil. The company, one of the world’s largest tanker companies, benefited from soaring demand for oil storage at sea in early 2020 as buyers struggled to find space for surplus crude when demand collapsed during the first wave of the pandemic. However, reduced OPEC+ exports limited oil oversupply in the second half of the year.

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