Shipbroker Clarksons said MR tankers were up by 50% from a week earlier to $31,600 per day after falling to a 12-month low in the run-up to the embargo. Eco LR2 rates crept up 9% to $31,900 per day.
Streetwise: Are product tanker stocks feeling the 5 February effect after breakout 2022?
Our finance newsletter asks: What will the impact of the Russian product ban be on tanker stocks?
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bcti +31% wow 822
Supply shock: MR tanker rates skyrocket as US Gulf exports rebound
Lower output earlier in the year reduced the number of vessels moving to the region
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