Earlier this month, our Weekly Tanker Newsletter looked at the outlook for oil prices and concluded that, 𝗮𝘀 𝗹𝗼𝗻𝗴 𝗮𝘀 𝗮 𝗹𝗮𝘀𝘁𝗶𝗻𝗴 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝘁𝗼 𝘁𝗵𝗲 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 𝗰𝗼𝗻𝗳𝗹𝗶𝗰𝘁 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝗲𝗹𝘂𝘀𝗶𝘃𝗲, 𝘁𝗵𝗲𝗿𝗲 𝗶𝘀 𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗼 𝗯𝗲 𝗺𝗼𝗿𝗲 𝘂𝗽𝘀𝗶𝗱𝗲 𝘁𝗵𝗮𝗻 𝗱𝗼𝘄𝗻𝘀𝗶𝗱𝗲.
With middle distillate supplies still extremely tight, higher oil prices are also having a growing impact on shipping economics. In recent months, 𝘁𝗵𝗲 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀 𝗼𝗳 𝗯𝘂𝗿𝗻𝗶𝗻𝗴 𝗳𝘂𝗲𝗹 𝗼𝗶𝗹 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝗱 𝘄𝗶𝘁𝗵 𝗴𝗮𝘀𝗼𝗶𝗹 𝗵𝗮𝘃𝗲 𝗯𝗲𝗰𝗼𝗺𝗲 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴𝗹𝘆 𝗮𝘁𝘁𝗿𝗮𝗰𝘁𝗶𝘃𝗲.
So, what could this mean for marine fuel markets? And could current prices encourage 𝗺𝗼𝗿𝗲 𝘀𝗵𝗶𝗽𝗼𝘄𝗻𝗲𝗿𝘀 𝘁𝗼 𝗲𝗾𝘂𝗶𝗽 𝘁𝗵𝗲𝗶𝗿 𝘃𝗲𝘀𝘀𝗲𝗹𝘀 𝘄𝗶𝘁𝗵 𝘀𝗰𝗿𝘂𝗯𝗯𝗲𝗿𝘀?
Full analysis on our website: 𝑊𝑒𝑒𝑘𝑙𝑦 𝑇𝑎𝑛𝑘𝑒𝑟 𝑃𝑢𝑏𝑙𝑖𝑐𝑎𝑡𝑖𝑜𝑛𝑠, and for advisory services, contact Research@brsbrokers.com
