Euronav: Oil peak cuts the edge of tankers' lifespan

The prospect oil demand peaking within the years to come contributes to lowering the usable lifespan of a tanker vessel to between 17 and 20 years, Euronav CEO Paddy Rodgers tells ShippingWatch.

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Trafigura CEO: Continued oversupply on the oil market

2017 has been a year characterized by continued oversupply on the market for oil and oil products, says Trafigura's CEO in relation to the commodity trader's annual report. But the situation already looks brighter starting next year.

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