Very little period activity reported in the crude sector once again as the market remained subdued

Very little period activity reported in the crude sector again this week as the market remained subdued

The crude market remained subdued with oil demand muted and as such very little period activity has been reported this week

Crude timecharter rates moved sideways once again this week with very little fixture activity reported

The crude market remained flat once again this week with market players reluctant to commit to period deals

Growing sentiment that the crude market will recover has yet to filter through to the crude market

Despite an increase in demand for crude carriers thanks to activity in the middle east

A quiet week for crude, there has been very little to report in terms of fixtures with the market subdued

In the crude timecharter market the VLCC sector remained quiet with little activity

Some short to medium term VLCC period activity reported this week although crude rates moved sideways overall

A sluggish week for crude and very quiet week in terms of period fixture

Some improvement in the VLCC rates this week thanks to activity in the middle east and fresh demand in the US Gulf

Despite the news of increased production from OPEC+ this has yet to translate to increased enquiry for crude

News from OPEC+ that the group will slowly unwind production cuts has been boosted sentiment for the crude market

Whilst the crude spot market reacted quickly, to the Suez Canal block, the timecharter market was a different story with many players holding back