Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel, jet fuel, and naphtha, reached multiyear highs this summer. Rates for these tankers, known as clean tankers, remained elevated through November, driven largely by the effects of Russiaâs full-scale invasion of Ukraine.

Rates to hire tankers for refined petroleum products reach multiyear highs during 2022
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