- The market for crude oil transportation at sea is experiencing a downturn in freight rates, even as oil prices are predicted to rise significantly.
- This apparent contradiction highlights the complex interplay of supply, demand, and geopolitical factors in the global oil industry.
Data indicates a decline in the demand for crude oil shipments, particularly to China. Compared to June 2023, shipments from all origin countries to China fell by 8% in June 2024. This trend reflects a broader...
https://mfame.guru/crude-oil-freight-rates-continue-slide-despite-potential-price-surge/