Product tanker companies have seen their share prices soar this year as “exploding” refining margins propel a rate recovery.
Clarksons Platou Securities sees the sector as the winner so far in 2022, with stocks up 48% on average following a 9% gain in the last week.
US-listed Scorpio Tankers added 15% in seven days after reporting better-than-expected first-quarter earnings and strong forward fixing for the second three months.
