Monday, 28 September 2026Updated 18m ago
← Top stories
Market move▼ Bearish for Indian equities

Global Market: VLCC rates hit record as Saudi crude flows jump

1 source · first seen 15:48 25 Sept · updated 15:48 25 Sept

The brief

Written from 1 report · check the source before you trade
  • Saudi crude shipments through the Strait of Hormuz pushed Gulf of Oman ship-to-ship transfers to capacity
  • Higher crude transport costs may pressure Indian refiners and raise fuel-price risks

Tags on this story

Pick a tag to see all its stories
Saudi Arabia2 todayStrait of Hormuz11 todayCrude oil64 todayShipping routes2 todayShipping and logistics13 todayRefining margins1 today

Linked by the tag Refining margins

18 stories this week
  1. 28 SeptOil prices rebound after Trump rejects peace deal to resolve Iran conflictMarket move · 1 source · Brent crude rose $1.32, or 1.27%, to $105.64 a barrel
  2. 26 SeptCrude oil price dips as traders weigh US-Iran Hormuz talks, supply risksMarket move · 1 source · West Texas Intermediate futures traded below $94 a barrel
  3. 25 SeptOil prices fall after Iran asks U.S. to return to failed memorandum of understanding from JuneMarket move · 1 source · Iran asked the U.S. to meet conditions in the June 17 memorandum of understanding
  4. 25 SeptReplacing 1 million bpd of Russian oil could cost India up to $3.7 billion annuallyMarket move · 2 sources · Replacing 1 million bpd of Russian oil could add up to $3.7 billion to India’s annual bill
  5. 25 SeptItaly to Convene Oil Refiners as it Seeks to Boost Fuels OutputPolicy · 1 source
All Refining margins stories →
Part of a developing story12 updates over 2 days

Saudi oil shipments through the Strait of Hormuz

Saudi Arabia increased crude shipments to Asian buyers, including India and China, as the Iran war and Hormuz crisis raised supply concerns. Ship-to-ship oil transfers in the Gulf of Oman have reached capacity amid the surge in exports.

Friday, 25 September

  1. Saudi Arabia crude oil exports hit highest level since Iran war began despite pipeline outage
  2. You are here
    Global Market: VLCC rates hit record as Saudi crude flows jump
  3. Gulf of Oman ship-to-ship oil transfers reach limit as Saudi exports surge
  4. Crude oil exports via Hormuz at 33.7 million barrels this week, data shows
  5. Qatar Boosts LNG Traffic Through Hormuz as Global Shortage Bites
  6. 2 sources
    Houthi attacks on Saudi facilities lift oil prices about 3%

Thursday, 24 September

  1. Saudi oil export strategy hits new hurdle as Red Sea insurance costs soar

See all 12 updates →

Read the reports

1 report · earliest 15:48
Economic TimesGlobal Market: VLCC rates hit record as Saudi crude flows jump15:48