Tanker market: Trends & cushion pokes, etc

Interesting article:

  • Trending: Baltic Dirty Tanker Index - 29 consecutive positive closings
  • Trying to find a bearing: Baltic Clean Tanker Index - recent high was 6 months ago.
  • US reduce sanctions on Venezuela. But for a number of reasons Venezuela’s oil production is down significantly.
  • Then, unintended consequences. Since Venezuela was under sanctions, it was supported by “dark/grey” fleet. Take away sanctions, “dark/grey” fleet moves elsewhere (cushion poke, right?)

Still like my tanker plays - both dirty and clean

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Thank you! 123456789012345677890

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FWIW, this item probably fits in the tanker market mood

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