News Headlines:
OIL DAYBOOK EUROPE: U.S. Awash With Gasoline; Iran Nuclear Talks (Bloomberg)
American oil refiners eager to boost gasoline production for the summer driving season are leaving the country awash with fuel at a time when the rebound in consumption is still uncertain. Stockpiles have jumped to the highest in three-months, while a measure of demand fell to a three-month low and Iran Plots Oil Output Hike as It Sees Nuclear Talks Progress.
Benchmark Oil Tanker Rates Nudge Down; U.S.-Europe Earnings Jump (Bloomberg)
Rates for hauling oil from the Middle East to China slipped 0.1% to WS 31.32, this equates to -$3,512 a day. Whereas Rates for ships hauling refined products on the TC14 U.S. Gulf-to-Europe route jumped 28% to WS 83.57, the biggest move for clean tankers and the highest since May 19.
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FIS Tankers Daily Report 2021-06-10
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