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Tankers are on track at last but for how long?

Tanker owners are finally in a position to talk up the markets.

Oil prices wobbled about in June as investors considered the possible effects of rising inflation and interest rates on consumer spending and driving habits especially during the US summer driving season. Yet, as of June 24, Brent and WTI remained over $100 a barrel as tight supplies continue to support prices.

Public health policy during the pandemic closed certain refineries in Europe and the US which have yet to reopen, limiting refining capacity, while others converted to storage or pr...

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