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International Tankers and Gas Energy

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

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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

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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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