Gas shortages raise oil demand as floating storage falls
Gas shortages could lift clean tanker rates as countries import more diesel to power generators. Opec said a sustained tankers recovery could take a year as emerging market demand and scrapping caught up
Oil demand is forecast to rise by half a million barrels per day as the global gas shortage drives a shift to using oil for power generation, the International Energy Agency says. Production is set to rise 2.7m barrels per day from September to the end of the year
If content does not display, please refresh your browser.