Oil on the Move

29 Jul 2016:  Quite a lot has happened over the last 12-18 months: North American crude oil production has been declining for some time now; Iran has reentered the market and oil production in Iraq and Saudi Arabia has increased. Production growth in Middle East OPEC has been partially offset by outages in Libya and Nigeria. Now that the first half of 2016 is behind us, let’s look at how these market developments have affected tanker trade flows. Download Here