Europe imposed a ban on February 5 on Russian diesel fuel and other refined oil products, two months after a similar crude oil ban began. Product tanker rates leaped in the following days.

A deadly earthquake ripped through Turkey and Syria killing tens of thousands of people. Amidst the carnage, Turkey’s Iskenderun Limak Terminal was severely damaged, and will likely take many weeks to return to full operations.

Methanol continued its ascendancy as this decade’s likely ...