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Supertanker Rates Skyrocket as Asia Rushes to Replace Russian Oil
Market Intelligence Analysis
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Why This Matters
Supertanker rates on the Middle East to China route have surged to their highest in five years, driven by traders seeking alternatives to Russian oil following US sanctions, resulting in a 576% increase year-to-date.
Market Impact
Market impact analysis based on bullish sentiment with 83% confidence.
Sentiment
Bullish
AI Confidence
83%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Supertanker rates on the route between the Middle East and China hit their highest in five years as traders sought alternatives to Russian crude, Bloomberg has reported, citing a daily rate of $137,000 for last Friday. Friday was when the latest U.S. sanctions against Russia’s two top exporters, Rosneft and Lukoil, came into effect, spurring action to secure alternative supplies for Asian markets. The daily VLCC rate represented a 576% increase since the start of the year. VLCC rates on other routes also rose to the highest since 2020, at…
Original article published by
OilPrice.com
on November 24, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.