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International Tankers and Gas

Crude rates tank as demand contraction bites

The need to find a place to store the enormous output of crude oil by Saudi Arabia led to a chartering panic from other oil traders and companies and an unprecedented spike in rates for shipping tonnage

  • Analysis

Tonnage rates for crude tankers are tumbling as quickly as they went up after Saudi Arabia took the decision to flood the energy markets with vast quantities of crude oil

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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