Hoarding in uncertain times
In times of uncertainty, some like to stock up on essentials and in a way become hoarders.
Oil is not immune to this phenomenon, and some players in this business like to build a high reserve capacity in order to meet demand as it rises.
It is in nature of what NAT does that this caution may be helpful in upping the demand for our suezmaxes.
The fear of the unexpected, a “Black Swan” as some economists call it , may lead to hoarding and thus can be a positive for the tanker business.