What’s been driving recent volatility in global clean tanker freight?
Commodities Focus
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Introduction
The russia ukrane conflict has exasperated the global shortage in deasel markets, says i am barbatrona. We even noticed a reverse diselarbitrage developing from europe to latin america and the us Atlantic coast, although europe really has no barrels to spare. The low stocks have caused product tanker dislocations and a significant increase in tonmiles - one ton of freight shipped over one mile of distance.
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