Tanker market report 31 March 2023

Late last week, the Government of Iraq won an international arbitration award upholding Baghdad’s sovereignty over exports from oil produced in the Kurdistan autonomous region. Following the award, Ankara immediately instructed pipeline operator Botas to cease flows on the Kirkuk-Ceyhan pipeline resulting in approximately 400kbd of crude being forced into storage and now mostly shut in.

The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.


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