Societe Generale Securities said that the overall trend in t...

Societe Generale Securities said that the overall trend in the oil transportation industry has not changed, and tight supply can support freight rates. The company's LNG business layout is expanding, which helps guarantee revenue. Societe Generale Securities anticipates that the increase in US production will counter production cuts in the Middle East, the push for peak season demand, and regional demand differentiation. In particular, China, India, and Brazil will drive oil demand in Q4 2023 and become a key factor supporting the rise in oil freight rates.