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Tanker market report 6 October 2023

09 October 2023

As the oil market contends with growing supply tightness until at least the end of 2023, macroeconomic headwinds are also at play. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Tanker market report 25 August 2023

28 August 2023

The state of California is a unique case in the US energy market, particularly when it comes to crude oil. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Tanker market report 30 June 2023

03 July 2023

The long-awaited massive 650kbd Dangote refinery in Nigeria was inagurated in late May, following years of delays caused by logistical problems and pandemic related disruptions. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Tanker market report 20 May 2022

23 May 2022

Whilst many members of the OPEC+ group are struggling to achieve its allotted output quota, one country that has been able to is Iraq. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Tanker Shipping - Low demand growth and an ever increasing fleet impact the market conditions negatively

16 August 2012

Overall annual oil demand growth in 2012 is now expected to come in at 0.9% by the IEA (+800,000 barrels per day), close to last year’s 0.8%, which was a 10-year low (excluding the contracting years of 2008/2009). The rise is exclusively originating from non-OECD countries. The outlook was modestly curtailed by early July on the back of the weaker global economic situation. This translates into a rather slim fundamental support to the tanker segment, but fortunately tanker shipping is so much more than overall oil demand.