Growing US oil production and flat consumption means more potential US exports over the coming years, according to Poten & Partners weekly tanker opinion.
Tanker research manager Erik Broekhuizen says recent projections on forward supply and demand from the US Energy Information Administration (EIA) are a “boon to the tanker market (both crude and products).”
“Growing crude oil production in the face of negligible domestic demand growth makes more volumes available for exports,” according to Broekhuizen.
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