March 9th, 2018

IEA’s outlook for oil trade

Golden age for crude oil?

Refining activity will grow fastest where crude production is flat of declining. Crude production will grow fastest where refining activity is flat or declining. This observation from the IEA’s ‘Oil 2018’, published this week, strikes an optimistic note for future global seaborne flows of crude oil. Here we lay out the IEA’s key take-aways – as we see them – for the next 5 years of coated and uncoated tanker trade.

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