Bloomberg: Product-Tanker Returns Seen Lower on Curbed Arbitrage by Poten

“Returns for tankers carrying oil products from the U.S. slumped after price gains in the country and Europe limited the incentive for trans-Atlantic shipments, according to Poten & Partners Inc. . . . The flow of refined products across the ocean is set to recover as U.S. refineries resume output and European plants enter a maintenance period, Poten said. An explosion and fire at Venezuela’s Amuay refinery, the country’s biggest, a blaze at Chevron Corp.’s Richmond plant in California and shutdowns because of Hurricane Isaac led to the reduction in capacity, according to the shipbroker.”