News Headlines:
A quarter of older tankers carry sanctions risk (Tradewinds)
standard know-your-customer vetting processes shows 25% of tankers 15 years and older are “high risk” for sanctions for involvement in carrying Venezuelan or Iranian crude. Buyers are earning discounts as high as 40% to carry cargoes blacklisted by the US, significantly supporting rates
Oil Climbs Above $73 With Report Pointing to Falling Stockpiles (Bloomberg)
Oil rose above $73 a barrel after an industry report pointed to another decline in U.S. crude stockpiles, adding to a bullish outlook. Futures in New York climbed 0.6% after edging lower on Tuesday. The American Petroleum Institute reported crude inventories slid by 7.2 million barrels last week, according to people familiar with the data. If confirmed by government figures due later Wednesday, that would be a fifth straight weekly draw, the longest run of declines since January.
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FIS Tankers Daily Report 2021-06-23
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