Weekly Tanker Time Charter Estimates, September 08 2021
In the crude spot market, rates firmed slightly as more cargo entered the market but this has yet to have an impact on the period market where rates remained flat.
Limited fresh period business to report on the clean side as the market remained at low levels.
Oil prices fell mid-week on concerns over weak demand in the US and Asia and pressure from a strong dollar. Ongoing production outages on the US Gulf Coast capped losses.