Project Description

Crude oil was up 6% quarter on quarter and also up 6% compare to the same quarter last year. Volumes have been building ever since the depression of mid-2020. China has led the charge with a very strong last quarter as they ease pandemic restrictions.

LNG demand continues a strong growth path with 8% year on year growth in the last quarter 2022. December is down 2.7% however, reflecting the correction of milder winter in the Northern Hemisphere.

Chemical products have done well in December, increasing by 15.7%. This makes up for the poor forth quarter which is down 4% compared to last year.

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