1. Home
  2. Maritime industry news - PortNews
  3. Demand for tanker transportation to fall by 10% in 2009 – expert

2009 March 4   14:45

Demand for tanker transportation to fall by 10% in 2009 – expert

The demand for tanker transportation will fall by 10% in 2009 due to production decrease by OPEC states, Pareto Securities AS Erik Helberg forecasts according to Bloomberg, RZD-Partner reports.

OPEC has cut quotes by 80%, Saudi Arabia has decreased production to below 8 mln barrels per day for the first time from November 2002 to stop the decrease of oil prices, RZD-Partner reminds.

Pareto also forecasts the decrease of the demand for oil storage tankers and global consumption of oil by 1.2% (or by 1 mln barrels per day) in 2009.

Latest news

2025 April 2

Mon Tue Wed Thu Fri Sat Sun
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31