Weekly Tanker Time Charter Estimates, July 10 2019
Period rates for crude have remained stable this week, with substantial premiums being paid over the spot market.
Limited activity for the clean market with a few long-term fixtures reported, ranging from three to five years.
Oil prices have come under pressure over concerns over weak demand. In its latest short-term energy outlook, the EIA has downgraded its forecasts for global oil demand to just 1.1 million barrels per day.