Middle East Tanker Surplus Shrinks as February Cargoes Approach

A surplus of supertankers competing for 2 million-barrel cargoes of Middle East crude oil shrank as owners awaited increased demand for vessels to load next month. There are 15 percent more very large crude carriers, or VLCCs, for hire over the next 30 days than there are likely cargoes,
[Read More]
Source: Bloomberg