A new report by Morgan Stanley analyst Fotis Giannakoulis focuses on the market outlook for oil tankers. The report includes several images that tell the story of the current economic environment for the tanker business.

Here are 10 key images from the report.

1. While global oil prices have collapsed due to massive oversupply conditions, OPEC has continued with its production growth, particularly in Saudi Arabia and Iraq.

2. Outside of OPEC, production levels have tapered off in recent months after reaching all-time highs about a year ago. The major source of year-over-year (Y/Y) non-OPEC production growth has been North America.

3. The core cause of the collapse in oil prices has been an imbalance of supply and demand, a scenario which has yet to be corrected.

4. According to cost curve analysis, North American shale oil and oil sands production are…

Read the rest of this article (and all my other articles) for free on Benzinga by clicking here

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!