Poten's Weekly Opinion: A Glimmer Of Hope

Sep 30 2021


Combination of factors could increase oil and tanker demand.

Over the long term, fundamental supply and demand factors, such as global oil demand and fleet size determine the direction of tanker freight rates. However, in the short- to medium term other factors, such as market psychology, geopolitics or weather events can have a significant impact on top of market fundamentals and seasonality. As we are approaching the 4th quarter of 2021, it seems that the combination of gradually improving oil demand fundamentals, in combination with seasonal factors and the impact of adverse weather events could propel oil demand higher during the winter season in the Northern Hemisphere. Exactly what that might mean for the tanker market we will try to discover in this week’s Tanker Opinion.

 

Download The Weekly Opinion

 



Related News

Liberian Registry becomes world largest tanker flag

(Oct 07 2021)

The Liberian Registry is now the world’s largest tanker flag.



Tanker owner Sea World launches carbon credit platform for charterers

(Oct 07 2021)

Sea World Management has revealed a plan to set up a carbon credit platform for charterers and pursue retrofits as part of emissions-reduction efforts.



Iran’s condensate to help Venezuela boost its oil output

(Oct 07 2021)

Venezuela will be using the gas condensate imported from Iran to boost crude oil production at three key extra-heavy crude projects in its largest oil region, a senior company official told Reuters.



Diluent shortage curbs Venezuela's September oil exports

(Oct 07 2021)

Venezuela's oil exports last month sank to the lowest in almost a year, disrupted by a lack of diluents that led to sizable production losses at its main producing region, the Orinoco Belt.



Poten's Weekly Opinion: Oil is Here to Stay – For a While

(Oct 05 2021)

OPEC’s new outlook is bullish for oil and tanker markets.



Aug-Sept 2021

Sea Cargo Charter - ship recycling - CO2 from tank cleaning - fixing damaged propeller blades