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International Tankers and Gas Freight rates

Crude tanker earnings fall amid Opec worries and oversupply

The upward momentum in crude tanker earnings seem to have softened as the Organisation of the Petroleum Exporting Countries cuts production amid slow demand. The market is also faced by severe oversupply concerns owing to a large number of newbuild deliveries

  • Analysis

There are around 18 newbuilds to be delivered in the first quarter of 2019, with 10 in January alone

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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