GTJA's Research Reports indicate that the rigid supply of oil tankers will continue in the coming years, and stricter sanctions are expected to further reduce effective capacity. In the second half of 2024, the downturn in the oil transportation industry will heighten demand concerns. GTJA believes that oil transportation demand is still likely to continue growing, traditional energy demand remains resilient, and increased production of Crude Oil Products will be bullish for the growth in oil transportation demand. Over the next two years, the geopolitical influence on oil prices may weaken, and the Global market will enter a cycle of increased Crude Oil Product production, with expectations that OPEC+, South America, and North America will gradually increase production, driving growth in Crude Oil Product trade. Future oil transportation supply and demand are expected to be better than anticipated and will include Options for falling oil prices. Market expectations are for a decline to low levels, with dividends supporting the valuation floor, making the risk-return ratio appealing again, focusing on changes in geopolitical situations and contrarian opportunities.
国泰君安:未来油运供需有望好于预期 风险收益比再具吸引力
GTJA: Future oil transportation supply and demand are expected to be better than anticipated, making the risk-return ratio appealing again.
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