Following on from last week’s outlook for demand growth, this week we forecast the key supply-side drivers in 2020 and share our outlook for earnings.
Dirty tanker demand in 2020 is set to grow at a slower pace than we had earlier expected. Significant uncertainty remains, although, on how quickly the COVID-19 virus will be contained and it’s eventual impacts on oil demand.
This week we summarize some of the key developments in Suezmax supply, demand and trading. This information is pulled from our Suezmax sector report, which is available to our clients on request.