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International Tankers and Gas

Crude tanker rates plunge 25% as demand picture clears

Volatility in global crude prices is rippling through crude tanker rates and freight futures, which have plunged this week by as much as 25%

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The falls reflect uncertainty about prospects for tanker demand if Russia and Saudi Arabia agree later this week to curb crude production

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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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