Commodities 2023: Russian sanctions, demand uncertainty create conflicting crude tanker environment

The Americas dirty tanker markets will continue to face a bullish yet uncertain 2023 as increased ton-mile demand induced by Russian oil sanctions couples with an ever-shifting crude demand landscape to drive tanker market direction. Freight for midsize tankers has been on an uptrend since February, as European crude buyers have shifted to sourcing Russian replacement crude barrels from regions…