AltairFrom the bridge:
Brent around $62/bbl, WTI near $58/bbl – both on track for big annual drops as supply grows faster than demand. Tanker rates easing from earlier highs but still solid, VLCC earnings averaging $36,000/day amid plenty of cargoes.Market logic: Oversupply pressure caps upside, but US actions on Venezuelan tankers and Ukraine strikes on Russian assets add short-term support.Geopolitical: Venezuela exports disrupted by seizures; Russian flows hit by attacks. #OOTT #VLCC #OilMarket
Brent around $62/bbl, WTI near $58/bbl – both on track for big annual drops as supply grows faster than demand. Tanker rates easing from earlier highs but still solid, VLCC earnings averaging $36,000/day amid plenty of cargoes.Market logic: Oversupply pressure caps upside, but US actions on Venezuelan tankers and Ukraine strikes on Russian assets add short-term support.Geopolitical: Venezuela exports disrupted by seizures; Russian flows hit by attacks. #OOTT #VLCC #OilMarket