Lloyd’s List: Oil Demand Likely to Keep Tanker Rates High

“Lloyd’s List based this article on Poten’s latest tanker market opinion dated July 07, 2006. “More to the point, the IEA’s outlook hinges on high rates of growth in China and the Middle East, including India. These two regions account for more than half of the total demand increase forecast for this year. But the level of oil demand is only one of the drivers of tanker charter rates, Poten & Partners says, with changing trade patterns perhaps an even more important factor.” says the article.”