Product tanker rates could surge on European diesel shortage, says Poten
Diesel from US, Middle East or India could make its way to Europe, leading to more demand for LRs
Unusually low diesel inventories in Europe have developed ever since the imposition of sanctions against Russia. This could mean higher product tanker rates as the continent restocks from further afield ahead of winter
MR demand to ship product to Europe will fall further, since it started declining in 2022