Martin Shaw, , managing director,, MOAMS
Capt. Leonid Zalenski, group COO and group director marine, , Columbia Ship Management
Konstantinos S. Galanakis,, , CEO, Elvicor Group
Theophanis Theophanous, managing director, , Bernhard Schulte Shipmanagement (Hellas)
Apr 06 2022
President Biden is determined to bring down oil and gasoline prices and yesterday he announced that the U.S. will release up to 180 million barrels of oil from the government’s Strategic Petroleum Reserve (SPR) over the next six months, starting in May. The U.S. SPR is the world’s largest emergency supply of crude oil.
The most positive scenario for the tanker market would be if the additional barrels would end up in the export market.