January 31, 2025 18:53 GMT
OIL: Mideast Tanker Surplus at Widest Since Early Dec
OIL
An excess of supertankers in the Middle East compared with crude cargoes for the next 30 days widened to 25%, according to Bloomberg sources.
- This compares to 22% last week/ The average for the past 12 months is 25%.
- Earnings on the benchmark ME-China route were $38,973, according to Bloomberg citing Baltic Exchange data.
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