Scorpio Tankers Reports $181,000-a-Day LR2 Rates as Middle East War Upends Oil Trade

AI Summary

Scorpio Tankers reported average bookings of $181,000 per day for its LR2 product tankers as war in the Middle East disrupts oil flows. The conflict-driven shifts in trade routes and tanker demand have sharply lifted earnings.

Scorpio Tankers is reporting a sharp surge in tanker earnings as the war in the Middle East disrupts global oil flows, with its LR2 product tankers securing bookings averaging $181,000...