News Headlines:
OIL DAYBOOK EUROPE: Gasoline Underpins Oil’s Recovery in China (Bloomberg)
China’s meteoric rebound from the Covid-19 pandemic has been a source of strength for global oil demand, and a close look at domestic trends reveals that cars have underpinned the recovery.
Supertanker Booked at $36,000 per Day: BNEF Time Charter Tracker (Bloomberg)
AZA Shipping booked a supertanker at $36,000 per day for 3 years, according to Seasure Shipbroking. Trafigura Group also booked a supertanker for more than 3 years duration two weeks ago. Charterer appetite for long-term bookings (1-3 years) has picked up while freight rates are low, however, the Middle East region will have 32% more vessels available than cargoes in the next 30 days.
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FIS Tankers Daily Report 2021-06-15
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