Supertanker rates slump as virus hits Chinese oil demand

Supertanker rates slump as virus hits Chinese oil demand
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06.02.2020

MOSCOW (MRC) -- Freight rates for supertankers on the Mideast Gulf and U.S. Gulf routes to Asia have fallen to their lowest since mid-September as the coronavirus outbreak hit Chinese oil demand, ship brokers told Reuters.China's Sinopec Corp, Asia's largest refiner, and so-called "teapot" independent refineries have reined in operations in the face of plunging consumption."The market has

Full article at mrcplast.com

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