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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (87758)	2/19/2001 6:24:03 PM
From: excardog	Read Replies (1) \| Respond to of 95453

Some interesting pieces of the oil shipping puzzle in this latest report from TK:http://biz.yahoo.com/bw/010219/teekay_shipping.html Overall demand picture looking forward: Charter rates in all crude oil tanker segments increased from the previous quarter's levels as oil production increases by the OPEC producers caused tanker demand to grow faster than tanker supply. Aframax charter rates in the Arabian Gulf-East routes, where two-thirds of Teekay's Aframax tanker fleet is currently trading, continued to rise further into the first quarter of 2001. The International Energy Agency (``IEA'') estimated that global oil demand, an indicator of tanker demand, averaged 76.8 million barrels per day during the most recent quarter, up 0.4% from the quarter ended December 31, 1999. The IEA's most recent forecast of oil demand for 2001 is 77.0 million barrels per day, a 2.0% increase over 2000. Just one thing to think about as we try to fit our outlook for 2001 together. Best