The surge in oil production by Saudi Arabia and subsequent increase in demand for oil tankers has seen daily rates for supertankers double in less than a week. Prices reached 180,000 U.S. dollars on March 30, up from 90,000 in the middle of the week prior.
Daily rates for oil supertankers journeying between the Middle East and China in March 2020
(in U.S. dollars)
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OilPrice.com. (March 30, 2020). Daily rates for oil supertankers journeying between the Middle East and China in March 2020 (in U.S. dollars) [Graph]. In Statista. Retrieved August 16, 2022, from https://www.statista.com/statistics/465940/supertanker-rates-due-to-covid-19-middle-east-to-china/
OilPrice.com. "Daily rates for oil supertankers journeying between the Middle East and China in March 2020 (in U.S. dollars)." Chart. March 30, 2020. Statista. Accessed August 16, 2022. https://www.statista.com/statistics/465940/supertanker-rates-due-to-covid-19-middle-east-to-china/
OilPrice.com. (2020). Daily rates for oil supertankers journeying between the Middle East and China in March 2020 (in U.S. dollars). Statista. Statista Inc.. Accessed: August 16, 2022. https://www.statista.com/statistics/465940/supertanker-rates-due-to-covid-19-middle-east-to-china/
OilPrice.com. "Daily Rates for Oil Supertankers Journeying between The Middle East and China in March 2020 (in U.S. Dollars)." Statista, Statista Inc., 30 Mar 2020, https://www.statista.com/statistics/465940/supertanker-rates-due-to-covid-19-middle-east-to-china/
OilPrice.com, Daily rates for oil supertankers journeying between the Middle East and China in March 2020 (in U.S. dollars) Statista, https://www.statista.com/statistics/465940/supertanker-rates-due-to-covid-19-middle-east-to-china/ (last visited August 16, 2022)
