Crude Oil
Middle East
VLCC rates suffered a gradual decline in the AG as the week wore on, with Charterers mainly keeping fresh enquiry off market and thus creating a softer sentiment amongst Owners as opportunities to fix were limited. The list remains balanced, so if enquiry does pick up, we could see an upturn next week. Today we are calling 270,000mt AG/China at ws 67 and 280,000mt AG/USG is now at ws 39 level.
The AG has firmed this week, with healthy level of enquiry and a tight list Owners...
https://mfame.guru/vlcc-market-update-gradual-decline-amidst-sparse-enquiry-in-the-ag/