Back in March we looked at commercial stock developments for both crude and products in the key trading hubs. Whilst the invasion had just begun and therefore not yet had any impact on inventory levels; stocks were already trending towards historic lows. Now, after 5 months of war and resurgent oil demand, stocks have come under further pressure and conceivably, are expected to face additional tightness as sanctions against Russia ramp up towards the year end and into early 2023.
The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
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