BP claims oil demand has peaked – oil tanker CEOs stay optimistic

First DNV GL. Then even BP. Both companies believe peak oil demand occurred already last year. In a dual interview with the CEOs of Frontline and Euronav, EnergyWatch's sister media, ShippingWatch, seeks answers to how the two crude tanker majors deal with the unpleasant forecasts.
Euronav CEO Hugo de Stoop. | Photo: PR / Euronav
Euronav CEO Hugo de Stoop. | Photo: PR / Euronav
BY TOMAS KRISTIANSEN, SHIPPINGWATCH

So far this year, two of the world’s largest crude oil carriers have had good reasons to be content and confident in their businesses and their returns.

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