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International Tankers and Gas Energy

IEA cuts oil demand forecast as global tanker fleet faces slowdown

International Energy Agency lowers 2021 demand forecast by 300,000 barrels per day, with vaccine roll-out key to spurring growth

  • Analysis

Forecasts to weigh on spot tanker earnings, which are already below operating costs for most of the 2,000-plus larger tankers that lift the majority of crude exports and lead direction of rates for smaller sizes

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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