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
German industrial gases company Linde (LING.DE) and U.S. peer Praxair (PX.N) have offered concessions in a bid to address EU antitrust concerns and secure approval for their merger. Source: Reuters
Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world’s two largest economies, multiple industry sources said. Source: Reuters
East Libyan forces took full control of Ras Lanuf oil terminal and the surrounding area on Thursday as they rapidly advanced against rivals who seized the port a week ago, a spokesman said. “Our armed forces fully control the Ras Lanuf district and the enemy suffered large losses in lives and equipment,” Libyan National Army (LNA) spokesman Ahmed al-Mismari said. Source Reuters
