Bloomberg: U.S., China Trade War Could Hurt Crude Supertanker Market

25 June 2018: “VLCC market could get hit if China imposes tariffs on crude oil imports from U.S. as those barrels would be replaced with exports suppliers who’re geographically closer, Poten & Partners says in weekly research note.”

““Such tariffs would make U.S. crude less competitive against other potential sources of crude,” Poten says, citing reports that the tariffs could be as much as 25%”

“* VLCCs have been benefiting from lifting of all U.S. crude export restrictions since Dec. 2015, which provided longer distance voyages: Poten”

Article from Bloomberg’s First Word