Bullishness possible for USGC-Brazil clean tankers in absence of Russian diesel cargoes

Russia’s week-old ban on diesel and gasoline exports may prove short-lived, but it is causing ripples in tanker markets, with a perceptible uptick in the fixing of diesel cargoes from the US Gulf Coast to Brazil. Since the Sept. 21 export ban, market sources have reported to S&P Global Commodity Insights one MR and two LR1 fixtures for the USGC…Russia’s week-old ban on diesel and gasoline exports may prove short-lived, but it is causing ripples in tanker markets, with a perceptible uptick in the fixing of diesel cargoes from the US Gulf Coast to Brazil. Since the Sept. 21 export ban, market sources have reported to S&P Global Commodity Insights one MR and two LR1 fixtures for the USGC…  Read More