What’s been driving recent volatility in global clean tanker freight?
Commodities Focus
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The European Desel Market in the Last Two Months
Rowan Sur: The european deasel market was already very tight ahead of the conflict in u cane. Of that, one million barrels per day of tes were going to europe prior to the invasion on february 20 fourth. In gate, traders have been trying to secure oil where they can. A lot of trading has been happening on a much more prompt basis due to the steep back gradation and people don't want to hold any excess product if they can avoid it.
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