Aframax tanker earnings have been under significant pressure in Asia as China’s private-sector refiners put the brakes on Far East Russian ESPO Blend crude procurement amid maintenance and high inventories, but a surprise surge in demand for the medium sweet crude from trading firms and end-users in the US West Coast could lend much-needed support …
The post China’s tepid ESPO crude demand puts Aframax rates under pressure, but USWC fixtures support first appeared on Hellenic Shipping News Worldwide.