Rise in oil prices and refining margins ‘doubly positive’ for tankers
Gains increase likelihood of higher output from Saudi Arabia and higher global refinery throughput, Jefferies says
Crude oil price gains support tanker sentiment, especially with even steeper gains for diesel and gasoline prices, analysts say. Meanwhile, oil prices ‘seemed to have found a floor’ and exports should accelerate after the summer, with Chinese imports potentially reaching record levels, according to Breakwave Advisors