24 Nov 2022 | 09:30 UTC

Listen: Soaring crude tanker rates dent long-haul crude differentials

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With longer-haul voyages and the 'dark fleet' growing, tight freight availability is pushing shipping rates to fresh highs. What does strong shipping market mean for the crude competing to replace Russian flows?

S&P Global Commodity Insights reporters George Papageorgiou, Sam Angell, and George Delaney discuss with Joel Hanley the spike in rates and the effect on oil from the Mediterranean and Africa.

Related stories:

Soaring tanker freight depresses FOB differentials for Med, West African crudes(opens in a new tab)

FEATURE: Growing maritime risks as shadow tanker fleet expands to cover Russian trades(opens in a new tab)

Related price assessments:

AAGXN00 - Qua Iboe FOB Nigeria vs WAF Dtd Strip(opens in a new tab)

AAGXJ00 - Urals Rotterdam vs Med Dtd Strip(opens in a new tab)

TDACS00 - West Africa-UKC 260kt $/mt(opens in a new tab)

TDACR00 - West Africa-UKC 130kt $/mt(opens in a new tab)

TDABL00 - Ceyhan-Med 80kt $/mt(opens in a new tab)

More listening options:

Platts Global Oil Markets Podcasts on Spotify (opens in a new tab)

Platts Oil Markets Podcasts on Apple Podcasts (opens in a new tab)

Platts Oil Markets Podcasts on Google Podcasts (opens in a new tab)