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Crude Oil-Tanker Demand May Advance Before Christmas, Marex Says

Dec. 21 (Bloomberg) -- Demand for oil tankers to load 2 million-barrel cargoes of crude from Persian Gulf ports may accelerate before Christmas, commodities broker Marex Spectron Group Ltd. said.

Oil companies will probably seek ships for all cargoes they need to load in the first 10 days of January before Dec. 25, Marex’s Singapore-based freight derivatives unit said in an e-mailed note today. The pace of chartering is slower than it was at this time in November, implying there should be an acceleration in bookings, it said.

To contact the reporter on this story: Alaric Nightingale in London at anightingal1@bloomberg.net

To contact the editor responsible for this story: Stuart Wallace at swallace6@bloomberg.net

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