WAF VLCC rates fall over 10% on day as supply-demand fundamentals rebalance

Very Large Crude Carrier freight rates for voyages loading in West Africa fell by more than 10% on the day Feb. 21, with sources pointing to a rebalancing of supply-demand fundamentals following the significant rise in rates seen earlier in the month. Platts, part of S&P Global Commodity Insights, assessed the rate for the key …

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