VLCCs looking forward to double lift from sanctions and Opec

US swipes at Iranian oil exports appear to have boosted VLCC utilisation, just as more oil is expected to start flowing.

Suezmax rates could slide rapidly after closures at key terminal, Braemar says

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According to Jefferies Omar Nokta, the uitlisation rate for the largest crude oil tankers has reached 90%, up from 83% six months ago, “primarily as a result of Ofac sanctions which have removed 54 VLCCs from the compliant trading fleet”.