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West Of Suez Dirty Tanker Quarterly: Geopolitical, regulatory developments set to boost sentiment

The performance of the West of Suez crude tanker segment confounded market participants’ expectations in the final quarter of 2024, with predictions that a seasonal end-of-year increase in demand would boost rates failing to materialize. In the VLCC market, sentiment remained bearish throughout the quarter, with sources pointing to ongoing OPEC+ production cuts and weak …