Crude tankers loading in the US Gulf are tipped to benefit from the massive release of oil from the US strategic petroleum reserves.
In its weekly report, Gibson Shipbrokers said the release — involving 1m barrels of oil per day for the next six months — was setting a more positive tone for tankers short-term.
“Ultimately, at a macro level, the US volume sare small, representing approximately 1% of global supply during the release period,” the broker said.
