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Tanker market report dated 15 June 2018
The current dynamics in the oil markets are very different to the conditions seen just a year ago. Back in June 2017, OECD crude stocks were firmly stuck at their record high level for this time of year. By April 2018 inventories declined below the five year seasonal average, providing clear evidence that the cutbacks in OPEC/non-OPEC production have proved effective in clearing the overhang of crude oil supply.
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
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Posted:
18 June 2018
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