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Volume 42 Issue 2
with previous month to reach 83 points on WS, whereas freight rates for
Petroleum Products across Mediterranean [for tanker size 30-35 thousand
deadweight tons (dwt)], decreased by 2 points, or 1.6% to reach 125 points
on WS, and freight rates for petroleum products [for tanker size 30-35
thousand deadweight tons (dwt)], leaving Mediterranean to North-West
Europe decreased by 3 points, or 2.2% to reach 135 points on WS.
Figure (5)
shows the freight rates for oil products to all three destinations
from November 2014 to November 2015.
Figure - 5
Monthly Spot Product Tanker Freight Rates, 2014 -2015
(World Scale)
Table (5)
and (6) in the annex show crude and products Tankers Freight
Rates, 2013-215.
2.Supply and Demand
Preliminary estimates in December 2015 show an
increase
in
world oil
demand
by 2.3% or 2.2 million b/d, comparing with the previous month
to reach 96.9 million b/d, representing an increase of 0.8 million b/d from
their last year level.
Demand in
OECD
countries
increased
by 1.7% or 0.8 million b/d
comparing with their previous month level to reach 46.8 million b/d,
representing a decrease of 0.2 million b/d from their last year level.
And demand in
Non-OECD
countries
increased
by 2.9% or 1.4 million
b/d comparing with their previous month level to reach 50 million b/d,
representing an increase of 0.9 million b/d from their last year level.