# Tanker shipping at risk of rare winter hibernation - FreightWaves

> FreightWaves reports that tanker owners fear the typically strong winter season will not materialize, with near-term tanker fundamentals described as grim. Maritime Strategies International expects further near-term oil demand hits from renewed European lockdowns in Q4.

- Date: 2020-11-16 · published 2020-11-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/6813-tanker-shipping-at-risk-of-rare-winter-hibernation-freightwaves
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weak oil demand expectations point to soft crude and product tanker markets, which can weigh on crude and diesel prices and modestly ease energy and freight costs for feed producers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-10-28 | [Benchmark diesel price rises against backdrop of falling futures - FreightWaves](https://feedsoft.ai/events/28037-benchmark-diesel-price-rises-against-backdrop-of-falling-futures-freightwaves.md) | -3.1% | -0.6% |
| WTI | 2018-12-22 | [The FreightWaves oil report: a tumbling market pushes prices down to levels of mid-2017 - FreightWaves](https://feedsoft.ai/events/61736-the-freightwaves-oil-report-a-tumbling-market-pushes-prices-down-to-levels-of.md) | -0.5% | +15.7% |
| WTI | 2024-10-15 | [Benchmark diesel price rises, but futures prices now headed sharply lower - FreightWaves](https://feedsoft.ai/events/28048-benchmark-diesel-price-rises-but-futures-prices-now-headed-sharply-lower.md) | -5.8% | -7.4% |
| WTI | 2020-04-21 | [Diesel’s price decline Tuesday was historic; crude’s fall sets another record - FreightWaves](https://feedsoft.ai/events/53805-diesel-s-price-decline-tuesday-was-historic-crude-s-fall-sets-another-record.md) | -32.4% | +73.9% |
| WTI | 2020-04-22 | [Oil’s collapse and its effect on diesel prices - FreightWaves](https://feedsoft.ai/events/53806-oil-s-collapse-and-its-effect-on-diesel-prices-freightwaves.md) | +33.7% | +249.4% |
| BRENT | 2024-10-28 | [Benchmark diesel price rises against backdrop of falling futures - FreightWaves](https://feedsoft.ai/events/28037-benchmark-diesel-price-rises-against-backdrop-of-falling-futures-freightwaves.md) | -3.3% | -0.3% |
| BRENT | 2018-12-22 | [The FreightWaves oil report: a tumbling market pushes prices down to levels of mid-2017 - FreightWaves](https://feedsoft.ai/events/61736-the-freightwaves-oil-report-a-tumbling-market-pushes-prices-down-to-levels-of.md) | -1.3% | +15.8% |
| BRENT | 2024-10-15 | [Benchmark diesel price rises, but futures prices now headed sharply lower - FreightWaves](https://feedsoft.ai/events/28048-benchmark-diesel-price-rises-but-futures-prices-now-headed-sharply-lower.md) | -5.4% | -7.6% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/tanker-shipping-at-risk-of-rare-winter-hibernation

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.