Weekly Market Monitor: VLCC Supply Crunch Fuels Freight Rate Surge

The net supply of Very Large Crude Carriers (VLCCs) has declined from the highs of 2023 and early 2024, leading to a significant increase in freight rates.
Factors such as OPEC policies, U.S. Federal Reserve decisions on interest rates, and China’s economic performance are crucial in shaping oil demand and tanker market conditions.
Despite a projected slowdown in its growth rate, China continues to influence oil import levels, while emerging economies like India are playing a larger role.
VLCC...