Freight rates for Russia's Urals shipments to India fall on higher tanker availability, sources say

Freight rates for Russia’s Urals tanker shipments from western ports to India fell in July from the prior month, as summer season and higher vessel availability eased pressure on the market. The change suggests cooling spot shipping costs that can affect delivered crude economics for buyers and sellers over the near term.

Analysis

Freight rates for Russia’s Urals tanker shipments from western ports to India fell in July from the prior month, as summer season and higher vessel availability eased pressure on the market. The change suggests cooling spot shipping costs that can affect delivered crude economics for buyers and sellers over the near term.