Samir Madani: Tracking Illegal Oil Tankers

The Expert View ·
Featuring Samir Madani

Published on: August 3rd, 2021 • Duration: 57 minutes

Samir Madani, co-founder of Tanker Trackers, joins Real Vision to discuss the nuances of the oil market and his method for tracking international oil tankers to gain insights into oil demand before countries can record their imports. Madani tracks illicit oil transportation on tankers that turn off their tracking devices because they service markets with trade sanctions. He dives into oil demand impacted by the Delta variant and cites the transportation of light oil shipments as evidence for an increase in gasoline consumption among states with fewer Covid restrictions. Madani believes that OPEC's decision will fail to lower prices in the short term because reopening economies will maintain the supply and demand imbalance leading to a bullish outlook for oil. Filmed on July 22, 2021.