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Crude Oil - Crude tanker market to stay healthy beyond 2030, broker Gibsons forecasts

17-06-2024 00:14

“This, combined with an ageing fleet, stricter environmental regulations and a large pool of vessels engaged in sanctioned trades, means that the global crude market is likely to remain healthy past 2030,” the brokerage added. The company expects to seek more crude flowing from west to east, expanding tonne-miles.

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Inadequate supply of crude oil to refineries

AFRICA’S largest crude producer is grappling with an inadequate supply of crude oil to its refineries, which is ironic.

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