News Headlines:
OIL DAYBOOK EUROPE: Several Asian Refiners Take Less Saudi Crude (Bloomberg)
Several Asian refiners asked for less oil from Saudi Arabia for next month as steps to rein in the delta virus variant weighed on demand. At least four customers — three in Northeast Asia and one in Southeast Asia – requested smaller volumes than their contracted supplies for September, according to officials at the refineries.
Tonnage oversupply could lead to prolonged tanker downturn, DHT says (Tradewinds)
In a conference call on Tuesday, DHT co-chief executive Svein Moxnes Harfjeld warned that the recovery “could come a bit later than most people suggest” going on to say “The longer this [oversupply] drags out, the faster and more brutal recovery It could be”
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0Tankers Daily Report 2021-08-119″]
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