VOL. XXXI
NO. 5
9-NOVEMBER-1987
OIL MARKET SAGS UNDER IMPACT OF HOMELESS IRANIAN CRUDE SUPPLIES
The past week has witnessed a significant weakening of the crude oil market,mainly under the impact of distress-type sale offers for Iranian crude inNorthwest Europe. According to MEES soundings of market sources, at leastseven VLCC/ULCC tankers - three of them under charter to Coastal Corp. and fourchartered by Iran's NIOC itself via its tanker affiliate NITC - are on their wayto Rotterdam carrying...
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