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Weekly Tanker Time Charter Estimates, September 11 2019

There has been very little activity in the way of crude period fixtures this week although rates have remained stable.

As autumn draws near the clean market is seeing some signs of activity, the average rate for an MR for one year is currently estimated as $15,250/pdpr.

Oil prices have risen mid-week as OPEC member Iraq commented that the organisation would consider further output cuts as a result of demand growth concerns.

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