Largest stock draw ‘in a decade’ dampens tanker rates outlook
The International Energy Agency has signalled a much-improved oil demand outlook for the rest of the year, but whether that translates to rising demand for tankers will depend on the pace of inventory drawdowns
As global crude demand surged by 3.2m barrels per day in June, worldwide liftings on tankers were tracked 750,000 bpd higher month on month, Lloyd’s List Intelligence shows