Knotty seems to be the tanker market, since there is a controversy between market data and investor’s attitude.
Upward trend appear to show imports of crude oil
in China, according to China’s National Bureau of Statistics while on the other
side of the Pacific, EIA (Energy Information Agency) and DOE (Department of
Energy) expect U.S. to produce more oil in 2013 as drilling activities remain
high, which means that more domestic oil will be used from U.S. refiners hence
the reduced imports, negative for tankers operators.
