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Aframax tonnage has been tight in the Atlantic basin thanks to heavy demand for fuel oil loadings in Europe, but demand grew even more this past week as charterers rushed to secure vessels for US loadings in response to Texas’ unusual winter weather.
Commodity prices have moved sharply higher since November amid disrupted supply, healthy Chinese import demand and vaccine successes, with imminent demand recovery and broader inflation concerns now stoking expectations of a commodity super-cycle. However, persistent ec...
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