Tanker Stocks Plunge on Declining West African Crude Production
Frontline’s share price falls 6.1 percent to lowest since Aug. 4
A supertanker carries oil in the Gulf of Aden.
Photographer: Stephane de Sakutin/AFP via Getty ImagesThis article is for subscribers only.
Shares of Frontline Ltd., the world's largest publicly listed crude tanker operator have fallen as a growing supertanker fleet, setbacks in West African oil production and declining refining margins all offset record OPEC crude production.
Total OPEC crude output at historic highs: