Ceasefire Caps Oil Rally as China Demand Weakens | EN590 Commodities
EN590 Commodities GroupCrude Oil June 09, 2026
Kuwait Offers First Crude Cargoes to Asia since Iran War Started Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… Supertankers Are Back in Fashion as Hormuz Risk Rewrites Oil Trade - The US-Iran crisis has engendered a shipbuilding boom, with the global orderbook for supertankers soaring to an all-time high as shippers race to lock in Very Large Crude Carriers (or VLCCs) for 2029-2030 delivery. - There are currently 262 VLCCs on order at shipyards around the world, surpassing the previous record posted in September 2008 (254), with orders jumping by a whopping 99 since the beginning of 2026. - Some 10% of the world’s non-sanctioned VLCC fleet remains locked up in the Pe
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