Fairplay: VLCC Crude Shipments Face Changes

“Seaborne crude oil trade patterns are being changed by the use of alternative crude sources and falling US demand, says Jeffrey Goetz, director of Poten & Partners. ‘The IEA has forecast demand at more than 90M bpd for 4Q11,’ Goetz told Fairplay. ‘This will be the highest level of worldwide crude oil demand ever achieved.'”