Oil Tanker Rates Soar to Nearly Three-Year High ...Middle East

OILPRICE - Economy
Oil Tanker Rates Soar to Nearly Three-Year High
The rates for chartering supertankers have surged to a nearly three-year high this month as more crude is moving out of the Middle East and the U.S. to Asia, Reuters reports, citing sources in the shipping industry and data from LSEG.  As OPEC+ continues to raise production, shipments out of the world’s key exporting region, the Middle East, are on the rise. Additionally, Saudi Arabia has slashed the prices of its crude loading for Asia next month, further incentivizing crude flows to the top oil-importing region.  The tanker fleet…

Hence then, the article about oil tanker rates soar to nearly three year high was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Oil Tanker Rates Soar to Nearly Three-Year High )

Apple Storegoogle play

Last updated :

Also on site :