Scorpio Tankers generates largest quarterly profit in company history

Product carrier Scorpio Tankers’ third-quarters results announced record earnings, boosted by product displacement and increasing ton-mile demand. Global refinery product inventories remain at historic lows as demand remains on the rise, according to the company. US crude oil (including Strategic Petroleum Reserves) and oil product inventories sit at historic lows around 1.2 million barrels, according to the company presentation, while…