Euronav CEO on 3Q Results, Shipping, Oil Demand

The video discusses the current state of the crude oil shipping market, highlighting the oversupply of large crude carriers and its impact on pricing. It examines the strong demand growth since 2013 and the challenges of managing the fleet size. The video also explores the effects of Saudi Arabia's production cuts on shipping routes and the implications of China's growing oil demand. Finally, it considers the potential outcomes of extended OPEC supply cuts, particularly in relation to Saudi Arabia's budgetary needs and the Aramco sale.

What factors are currently affecting the pricing of oil in the market?

How has the demand for oil changed over the last five years?

What is the significance of the old ships in the context of the oil shipping market?

What impact do the production cuts by Saudi Arabia have on the shipping of oil?

What are the potential implications if OPEC decides to extend its supply cuts?