ShippingWatch

Frontline and Euronav remain optimistic in spite of new oil peak scenarios

First DNV GL. Then even BP. Both companies believe peak oil demand occurred already last year. In a dual interview with the CEOs of Frontline and Euronav, ShippingWatch seeks answers to how the two crude tanker majors deal with the unpleasant forecasts.

Euronav CEO Hugo de Stoop. | Photo: PR / Euronav

So far this year, two of the world’s largest crude oil carriers have had good reasons to be content and confident in their businesses and their returns.

Although under very extraordinary circumstances, Euronav and Frontline both delivered what can only be described as gigantic profits in the second quarter.

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