Tight Tanks
Each week, Gibson monitors developments in refined product and crude oil inventories. Even before the invasion of Ukraine and subsequent sanctions on Russia, stocks were low in every major trading hub, leaving the world exposed to a major supply shock. Although each region has its own supply/demand dynamics and that for now, Russian exports continue flowing, the world now finds itself in a very precarious situation just as seasonal demand would ordinarily be expected to increase.
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The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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