Tag: lowest
VLCC Tonne days growth from AG to China has decreased to the lowest level since the end of 2022
During the first week of October, the VLCC MEG China rates experienced a downward revision, amid hopes of a recovery. Looking at the demand, growth rates are still significantly lower than what they were the previous year leading to a negative sentiment in the crude freight market. Moreover, there are concerns about oil demand as…
Russian diesel oil exports in September hit the lowest level of the year
In the last week of September, there is some optimism in the VLCC crude oil freight market after a difficult summer season. It should be noted, however, that while there are positive signs, growth rates in tonne days aren’t yet robust. The real test is ahead as we move into October, with supply figures already…
Russian crude oil exports to India in August at lowest level since beginning of the year
The first week of September brings a downward movement in crude oil freight rates and a continued downward trend in VLCC tonne days demand growth. MEG -Rates for China have now fallen to their lowest levels since the beginning of this year, but there is still guarded optimism for a rebound in the third quarter…
