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home / news releases / BPAQF - Tanker Market Outlook: Demand For Tankers To Drop With Oil Consumption

BPAQF - Tanker Market Outlook: Demand For Tankers To Drop With Oil Consumption

BP PLC
  • Tanker orderbook is at a 23-year low.
  • In normal times, this would be supportive for future tanker rates.
  • But the pandemic has changed the short- and long-term outlook for oil consumption and therefore tankers.
  • In 2 of 3 scenarios by BP, it expects that oil demand has already peaked.
  • Oil tanker names have suffered in 2020 and the longer-term outlook is dim.

For further details see:

Tanker Market Outlook: Demand For Tankers To Drop With Oil Consumption
Stock Information
Company Name: BP PLC
Stock Symbol: BPAQF
Market: OTC
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