VLCC rates fall in recent weeks, contango easing US crude exports jumped back over 3 million b/d last week, for the first time in a month as exports to China remain strong, according to US Energy Information Administration June 24. Weekly US crude oil exports averaged 3.16 million b/d for the week ended on June 19, EIA data showed. This marked the first time weekly US crude exports topped 3 million b/d since the week ended on May 22, when exports were reported at 3.18 million b/d. CFlow, S&P Global Platts’ trade flow software, estimated US crude exports for the week ended on June 19 at 3.10 million b/d, with more than a third of those exports projected to be destined for Chinese ports. According […]