CITIC Securities stated that the overall trend of the oil sh...

CITIC Securities stated that the overall trend of the oil shipping industry remains unchanged, with tight supply able to support freight rates. The company's LNG business map is expanding, which helps to secure revenue. CITIC Securities predicts that increased production in the USA to counter reduced production in the Middle East, strong seasonal demand, and regional demand discrepancies, especially in China, India, and Brazil, will drive oil demand in Q4 2023, becoming a key factor supporting the increase in oil freight rates.