Supertanker Rates Slip From Record Highs | EN590 Commodities
EN590 Commodities GroupCrude Oil October 12, 2026
What I Cover
Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Supertanker rates have retreated slightly after touching an all-time high earlier this month, with the price of chartering a very large crude carrier for a trip from the Gulf Coast to China at $634,974 per day, according to Baltic Exchange datacitedby Reuters. This compared to a record of over $637,000 per day on October 8, the publication noted. The record price of transporting crude oil from the United States to Asia was undermining demand for U.S. crude. Tanker rates have soared this year due to Middle Eastern producers taking to ship-to-ship transfers outside the Strait of Hormuz. For this, they use shuttle tankers, including smalle
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.