Last week was particularly eventful; There was a broad decline in earnings among the large tank segment due to an oversupply of tonnage. However, the number of oil barrels going out of the Arabian Gulf has increased, which we expect to be a outlook for the winter market. The biggest news of last week is regarding the new Covid variant. Omicron has received a lot of attention and emerged a pattern of greater caution. At the moment, information about the new variant is limited. There are speculations whether the virus is more contagious than the Delta variant, which continues to dominate. Several factors indicate the possibility of a milder variant, which in that case would be the best news since Covid-19 made its appearance. The answer, however, remains to be seen. Moreover, the oil provided is of the acid oil type rather than the oil preferred by US refiners, which potentially could help boost US oil exports during the winter months.