Tanker market report dated 9 November 2018

Oil prices had been on an upward trajectory since July last year, with Brent values briefly climbing above $85/bbl in early October. However, more recently prices have moved down to just over $70/bbl. Nonetheless, so far in 2018 Brent has averaged some 34% higher than it did back in 2017. Such an impact is starting to make an impact on global consumption levels.

The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.

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Posted: 20 November 2018

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