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home / news releases / INSW - A Backdoor Play On Rising Petroleum Demand: TORM Plc

INSW - A Backdoor Play On Rising Petroleum Demand: TORM Plc

International Seaways Inc.
  • Gasoline and crude oil inventories remain bloated worldwide, hurting the demand and pricing of tanker services.
  • TORM is well-run, has a clean balance sheet, and holds pent-up value for investors.
  • An economic recovery, with rising energy demand, during 2021-22 should increase day rates for shipping oil and gasoline.
  • TORM's stock quote has been in a low-volatility base pattern for six months, while momentum for a breakout has been building since November.

For further details see:

A Backdoor Play On Rising Petroleum Demand: TORM Plc
Stock Information
Company Name: International Seaways Inc.
Stock Symbol: INSW
Market: NYSE
Website: intlseas.com
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