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International Tankers and Gas

Tanker recovery on hold as pandemic worsens

Crude and product tanker earnings to be hit as inventories built up since March are wound down

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As lockdown restrictions are tightened on key global economies, the demand for crude oil and crude products will shrink. Amid volatile markets, demand for tankers has fallen 14.5% this year, with global fleet utilisation at 80%

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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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