The new year heralded a rates bonanza for tankers and a flurry of extremely optimistic forecasts by Wall Street analysts. McQuilling has now injected some sobriety into the party.rnTanker bulls tout a simplistic 'it's the demand, stupid' thesis: incremental oil demand arising from the global recovery will convince OPEC to hike production, beating rate pressure from newbuilding deliveries, which will be further offset by single-hull phase-outs.
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