We Are In The Up Cycle For The Oil Tanker Market
My first article on this topic in March 2017, “Is A Turnaround In The Cards For Mid-Size Crude Tanker Stocks?” I projected the following cycle to bottom by the end of 2017 and turn up in 2018. This was based in part on global oil demand growth and global fleet growth or capacity growth. The data predicted the cycle going forward from 2017 based on actual data from 2011: The graph confirmed a past trough and peak in 2012 and 2015 and predicted 2017 as the bottom. Obviously th
