- No takers for jet-fuel and gasoline.
- Oil refiners run after vessels to store fuel for future market.
- Freight rates to sharply rise in this scenario.
- Oil refiners force the tanker owners to place their output into ships.
- Global refining system is forseeing a fast paced breaking point.
Jack Wittels, Firat Kayakiran, and Javier Blas write for Bloomberg about the shipping market and their rates that are currently stratospheric.
World level hunt is on for tankers for storing products. As a...
http://mfame.guru/the-whole-oil-markets-gone-absolutely-nuts/