Opec’s 2020 vision predicts a spike in crude demand as a result of new IMO emissions rules, which could translate into a positive development for tanker owners that will also likely be boosted by heavy scrapping.
In its World Oil Outlook 2018, the oil producers cartel has forecast global oil demand growth to accelerate to 1.7 million barrels per day (bpd) in 2020 from 1.4