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Evercore ISI Group Maintains Outperform on Scorpio Tankers, Lowers Price Target to $57
Jefferies Maintains Buy on Scorpio Tankers, Maintains $65 Price Target
Earnings Scheduled For May 1, 2025
Scorpio Tankers's Earnings: A Preview
Saudi Arabia claims it has the ability to maintain long-term low oil prices, with international oil prices dropping by 3.79%.
Five sources familiar with the negotiation situation told Reuters that Saudi Arabian officials have recently informed allies and Industry experts that Saudi Arabia has the capacity to maintain long-term low oil prices.
Mitsui O.S.K. Lines' Earnings Reports have crashed, and fears over tariffs are spreading, leading to a sharp decline in the stock prices of Japan's three major shipping companies.
On Wednesday, Japan's shipping Sector was under pressure, with Mitsui O.S.K. Lines, Kawasaki Kisen Kaisha, and Nippon Yusen Kabushiki Kaisha once dropping over 10%. The cause was Mitsui O.S.K. Lines issuing a performance forecast for 2026 that was far below expectations. The company warned that US tariff policies would suppress freight demand, putting prices under downward pressure. Analysts warned that Mitsui O.S.K. Lines' guidance indicates that the situation might be more dire than expected.