Euronav CEO on Oil Storage, Tanker Rates, Dividend

Euronav CEO on Oil Storage, Tanker Rates, Dividend

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Business, Architecture, Physics, Science

University

Hard

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The video discusses the current state of oil storage and transportation, highlighting the available capacity in tankers versus land storage. It explains the volatile nature of tanker rates and the financial strategies of the company, including dividends and fleet rejuvenation. The company has significant storage capacity due to its focus on vessel storage, which is not typically accounted for in headlines. Despite reduced demand, there is still a need for oil transportation. The company is experiencing high margins due to volatile tanker rates and is considering share buybacks and fleet updates as part of its financial strategy.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the total number of VLCCs mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How much oil do the VLCCs carry each?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the current demand for petroleum products as mentioned in the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is there still a demand for transportation despite refineries cutting imports?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What has been the trend in tanker rates since the beginning of the year?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the dividend amount mentioned in the text?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of profits is used to rejuvenate the fleet?

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