Special reports - 31 December 2018

“2018 has been a record-setting year on many fronts,” said CEO Jan van der Tempel. “With our fleet back to full operational strength, we have seen moments of near full utilisation.”

Jack Allardyce, oil and gas research analyst at Cantor Fitzgerald Europe, gives his thoughts on expected oil growth for next year.

Russia accounts for more than 90% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the Former Soviet Union (FSU) over the period 2018 - 2025, according to GlobalData.

According to ESAI Energy’s recent North America Watch, local refinery demand for light sweet crude will remain unchanged, so these new flows will double the surplus crude available for export.