Distillate Disconnect

 

The European oil demand outlook is back in focus ahead of this winter, as continued macroeconomic developments cast a shadow over the region’s energy market. In particular, European distillate demand is expected to underperform as lower industrial activity, reduced road fuel demand and EV uptake gathers pace. With that in mind, one might question whether underlying demand levels are sufficient to sustain a bullish product tanker market.

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