Oil Tanker Rates Jump as US Push Into Venezuela Shifts Flows

Oil Tanker Rates Jump as US Push Into Venezuela Shifts Flows

The global oil industry is working through the consequences of Washington’s move. For shipowners, that means higher rates on some routes as current and future oil flows are redirected.

Oil tanker rates jump as US push into Venezuela shifts crude flows

Prospect of more oil being exported to US drove regional tanker rates to their highest in almost 2 years. Read more at straitstimes.com.

Oil tanker rates spike as US push into Venezuela redraws flows

The global oil industry is working through the consequences of Washington’s move earlier this month