VLCC Rates Hit Record $1.27 Million a Day | EN590 Commodities
EN590 Commodities GroupCrude Oil September 25, 2026
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Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Capacity for ship-to-ship transfers of crude oil off the coast of Oman has reached its limits after Saudi Arabia diverted its flows from the port of Yanbu amid Houthi attacks, Reuters hasreported, citing unnamed trading sources and analysts. The report said Saudi Arabia has sold some 60 million barrels of crude, to be shipped from the Gulf of Oman after being transferred from smaller carriers to supertankers, for delivery this month and in October. This has tightened an already tight very large crude carrier market and led to a further increase in oil shipping costs. The ship-to-ship transfer route involves loading crude at a Persian Gu
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25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.