These favourable conditions are positioning Tsakos to reap the benefits of another upturn out there cycle, which is predicted to start before long. Having said that, despite the enhancing outlook, the industry proceeds to extrapolate Tsakos' earlier bad general performance into the long run.
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Having said that, the cycle may be going to switch upwards thinking of worldwide oil demand carries on to mature, and supply/demand from customers worries have thinned the herd, with most of These remaining (like Tsakos) now far more operationally economical (Based on administration: "We have been happy that our G&A bills should be considered one of the bottom within our peer team just beginning a $1,000 or a little bit previously mentioned for all the things which includes to perform with working TEN"). For point of view, here is a look at the continuing strength in worldwide oil demand:
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