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EU embargo on Russian oil could make tanker rates reach USD 250,000 per day

Clarksons Securities predicts enormous increases in freight rates for both tanker and product tanker when EU’s oil embargo on imports of Russian oil enters effect from February next year. Hafnia is also confident in a demand boost.

Photo: PR / DHT Holdings

Freight rates on both crude oil and oil products could reach record heights when the European Union’s oil embargo on Russia becomes effective this winter, predicts Clarksons Securities in its weekly update.

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