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What are the key drivers for tanker demand and supply?

DEMAND Drivers key supply tanker
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What are the key drivers for tanker demand and supply?

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Tanker demand has three main drivers: • Oil demand • Oil supply • Ton-mile effect Tanker supply is driven by two main factors: • Newbuild order book • Scapping and removals One-off factors can also impact tanker supply. A recent example is the number of ships used as floating storage, which temporarily decreased the active supply of ships available.

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