Global Oil Tanker Rates Fall As Coronavirus Hits Oil, Fuel Demand

Global Oil Tanker Rates Fall As Coronavirus Hits Oil, Fuel Demand

OilPrice.com

Published

Falling Chinese demand for crude oil and fuels amid the coronavirus outbreak will likely cut shipping rates globally, ship brokers and owners told S&P Global Platts on Wednesday as the death toll from the virus continues to grow and OPEC+ entered a second day of damage control with an emergency meeting.    The outlook for crude oil and refined products demand does not look good right now, a tanker broker in Dubai told S&P Global Platts.    Charter rates for supertankers on key shipping routes from the United States and…

Full Article