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VLCC rally from US Gulf expected despite election uncertainty - TradeWinds

TradeWinds · last updated

VLCC rally from US Gulf expected despite election uncertainty | TradeWinds

Analysts expect the improvement in fortunes for the largest crude carriers from the US to continue into 2024.

Strong US production combined with refinery maintenance has pushed oil for export and supported crude tanker rates.

A large number of tankers have decided to ballast from the East to try to cash in on the attractive rates this month, according to shipbroker Gibson.

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