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Crude Tanker Stocks and ETFs: The Current Outlook

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Crude Tanker Stocks and ETFs: The Current Outlook PART 1 OF 8

How Crude Tanker Stocks Have Performed in 2017 so Far

Crude tanker industry

The crude tanker industry has been weak since the start of the second quarter of 2017. Weakness lingered through the start of the third quarter and then aggravated going into August and September.

How Crude Tanker Stocks Have Performed in 2017 so Far

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Stock performance

Almost all the crude tanker stocks are trading in the red compared to the prices at the start of the year. Nordic American Tankers is the worst performer among peers while Gener8 Maritime Partners is the best performer. The following are the year-to-date stock returns as of September 28.

  • Nordic American Tankers (NAT) fell 34.9%.
  • Teekay Tankers (TNK) fell 26.9%.
  • Tsakos Energy Navigation (TNP) fell 1.28%.
  • Frontline (FRO) fell 24.3%.
  • Gener8 Maritime Partners (GNRT) rose 0.45%.
  • Navios Maritime Midstream Partners (NAP) fell 31.4%.
  • Euronav (EURN) fell 3.14%.
  • DHT Holdings (DHT) fell 3.38%.

Series overview

Why has the crude tanker industry been weak lately? We’ll explore this question by looking at industry indicators. We’ll go over the supply side first. Are crude tankers’ order books highlighting an industry problem? We’ll assess the medium-term and long-term outlooks for the crude tanker industry through newbuilds and secondhand vessel prices.

On the demand side, we’ll assess China’s crude oil imports and the impact of OPEC’s oil production cut. Strong oil demand bodes well for the crude tanker industry. We’ll look at crude oil demand in the world’s largest economy, the United States, and China’s oil demand by looking at the health of the country’s manufacturing and auto industries.

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