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WAF freight rates weaken on oversupply, lack of Asian buying interest

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Listen: WAF freight rates weaken on oversupply, lack of Asian buying interest

Ellie Weir, Platts tankers team leader talks to John Morley, dirty tankers editor and Eklavya Gupte, West African crude editor, about the reasons behind WAF VLCC freight rates languishing at their lowest levels for eight months. Focusing on both the freight and crude oil markets to understand why rates have dropped so low, the team examines what factors could lead to rates increasing.


This is the latest in a series of weekly podcasts aimed at highlighting significant news stories from around the energy world. Check back every week for the latest update.


We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.