# How do oil prices affect the tanker industry?

**URL:** <https://forum.gcaptain.com/t/how-do-oil-prices-affect-the-tanker-industry/16392>\
**Category:** Shorebased\
**Created:** [June 30, 2016, 11:10am UTC](https://forum.gcaptain.com/t/how-do-oil-prices-affect-the-tanker-industry/16392 "2016-06-30T11:10:35Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Reggie\_Green](https://avatars.discourse-cdn.com/v4/letter/r/58f4c7/32.png) [@Reggie\_Green](https://forum.gcaptain.com/u/Reggie_Green)\
**Post date:** [June 30, 2016, 11:10am UTC](https://forum.gcaptain.com/t/how-do-oil-prices-affect-the-tanker-industry/16392/1 "2016-06-30T11:10:35Z")

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With the price of oil being low, how does this affect the tanker industry

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**Author:** ![Emrobu](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/emrobu/32/6696_2.png) [@Emrobu](https://forum.gcaptain.com/u/Emrobu)\
**Post date:** [July 7, 2016, 7:57pm UTC](https://forum.gcaptain.com/t/how-do-oil-prices-affect-the-tanker-industry/16392/2 "2016-07-07T19:57:48Z")

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Teekay’s website has videos which explain this topic to investors. Short answer is: its a bit complicated.

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**Author:** ![Emrobu](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/emrobu/32/6696_2.png) [@Emrobu](https://forum.gcaptain.com/u/Emrobu)\
**Post date:** [July 10, 2016, 6:59pm UTC](https://forum.gcaptain.com/t/how-do-oil-prices-affect-the-tanker-industry/16392/3 "2016-07-10T18:59:17Z")

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> **[Why are more and more oil ships anchoring off Singapore?](http://www.bbc.com/future/story/20160628-why-are-more-and-more-oil-ships-anchoring-off-singapore)**
>
> In the last few months, something strange has been happening in the seas around major ports. More oil tankers than usual are anchoring for days and weeks on end – why?