Highlights Exports highest since April 2020: EIA VLCC rates East at multi-year low amid fixing lull Tight arbitrage economics expected to impact August, September loadings US crude exports over the four-week period ended on June 25 rose to a more than one-year-high as exporters have benefited from particularly low freight rates, the US Energy Information Administration showed June 30. The four-week moving average for exports rose 292,000 b/d on the week to 3.546 million b/d, the highest four-week moving average reported by the EIA since the period ended on April 3, 2020, when it was reported at 3.554 million b/d. The weekly export figure, meanwhile, was reported 66,000 b/d higher on the week at 3.717 million b/d, EIA data showed. These high export levels come as freight rates on both VLCCs East and the trans-Atlantic […]