Iran’s July crude exports averaged 1.5 mbd, holding firm despite sharp m‑o‑m drop and new US sanctions targeting tankers, agents, and a key China hub.
Gasoline markets appear to be struggling while, diesel sees robust transatlantic flows driven by strong European demand and elevated crack spreads
July saw a dip in southbound crude via BEM as Red Sea attacks renewed, growing compliance pressures led to selective rerouting.
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This summer has seen diverging trends in Atlantic Basin clean freight rates, as a reaction to key demand centers importing more or less than expected.
July saw a dip in southbound crude via BEM as Red Sea attacks renewed, growing compliance pressures led to selective rerouting.
Despite softening demand in the Med, global distillate strength looks promising amid low global inventories and looming H2 refinery maintenance
