Home Commodities Soaring crude tanker rates dent long-haul crude differentials

Soaring crude tanker rates dent long-haul crude differentials


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With longer-haul voyages and the ‘dark fleet’ growing, tight freight availability is pushing shipping rates to fresh highs. What does strong shipping market mean for the crude competing to replace Russian flows?

S&P Global Commodity Insights reporters George Papageorgiou, Sam Angell, and George Delaney discuss with Joel Hanley the spike in rates and the effect on oil from the Mediterranean and Africa.

Related stories:

Soaring tanker freight depresses FOB differentials for Med, West African crudes

FEATURE: Growing maritime risks as shadow tanker fleet expands to cover Russian trades

Related price assessments:

AAGXN00 – Qua Iboe FOB Nigeria vs WAF Dtd Strip

AAGXJ00 – Urals Rotterdam vs Med Dtd Strip

TDACS00 – West Africa-UKC 260kt $/mt

TDACR00 – West Africa-UKC 130kt $/mt

TDABL00 – Ceyhan-Med 80kt $/mt

More listening options:

Platts Global Oil Markets Podcasts on Spotify

Platts Oil Markets Podcasts on Apple Podcasts

Platts Oil Markets Podcasts on Google Podcasts

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