Geopolitical risks combined with surging supply have pushed global crude oil freight rates to a three-year high.
Geopolitical risks are intensifying and regional crude oil supply is surging, pushing tanker freight rates to a nearly three-year high. Meanwhile, the International Energy Agency (IEA), U.S. Energy Information Administration (EIA), and the Organization of the Petroleum Exporting Countries (OPEC) have significant differences in their outlooks for oil supply