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Tanker charterers control the US Gulf Coast dirty freight market, with Aframax supply well above its 90-day average and Suezmax and VLCC supply in line. Fixing has stalled, with zero Suezmax fixtures and a single VLCC booked over the past week, and freight rates are priced above global benchmarks.
This covers crude tanker freight rather than grain or feed shipping, so the direct effect on feed commodity prices is minimal. Weak US crude export demand for tankers signals soft seaborne crude flows, which is only a loose signal for energy costs.
spartacommodities.comMichael RyanNov 2, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
