Crude Oil

Just as major oil producers pump millions of extra barrels of oil on to world markets, Oslo-based Rystad Energy has released updated estimates for global fuel demand as a result of the impact of coronavirus (COVID-19) on world energy markets.

There is an old cliché about “challenges” being just another side of “opportunities” so it goes with tankers.

The tanker market could face short-term headwinds if the impact of the Wuhan coronavirus outbreak on China’s oil demand is similar to that of SARS in 2003, according to brokers Poten & Partners.