The perception of tanker demand may have been bolstered Friday by a Financial Times article late the previous day that estimated that tankers were being used to store more than 100 million barrels of oil and heavy fuels at sea. Source Hellenic Shipping News
China and Turkey say they will keep importing oil from Iran in defiance of president Donald Trump who on Monday announced an end to waivers that allowed them to do so. Iran then renewed its long-standing threat to close the Strait of Hormuz by military force. Source: International Business Times
The euro zone is worried about the heavily indebted Italian economy’s weak growth and needs Rome to implement its budget plans “with credibility”, the head of the currency bloc’s group of finance ministers said. Source: Reuters
Public debt in Greece and Italy, the two most indebted countries of the euro zone, grew last year while the bloc as a whole recorded an overall decrease in its liabilities, the European Union statistics office said on Tuesday. Source: Business Recorder
