DIRTY TANKER QUARTERLY: Europe’s crude replacement, US SPR move to drive USGC tanker flow
A shift in US-origin crude exports as Europe is looking to replace 2.7 million b/d of self-sanctioned Russian barrels combined with a historical US Strategic Petroleum Reserve release of 180 million barrels over the next six months will support dirty tanker freight rates out of the Americas into the second quarter of 2022. Freight for two major benchmark routes carrying…