The product tanker is expected to be impacted by the lack of diesel supplies, after Russia’s decision to ban exports. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “the world’s oil refineries are unable to produce enough diesel, denying from economies the fuel they rely on to run their industries and transports and triggering a new round of inflation. Oil prices have soared during the past month, around 15% up, touching levels not seen since November 2022, with the WTI closing the week at roughly USD 90/barrel and the Brent at around USD 94/barrel, also affecting oil’s derivatives prices such as diesel.
