Kilian, Lutz; Nomikos, Nikos K.; Zhou, Xiaoqing - 2020 - This version: September 4, 2020
Using a novel dataset, we develop a structural model of the Very Large Crude Carrier (VLCC) market between the Arabian … prices are determined by shocks to the supply and demand for oil tankers, to the utilization of tankers, and to the cost of … are associated with higher profits, a slight increase in time charter rates and lower fuel prices and oil export volumes …