The start of Q4 saw more buoyancy in crude tanker rates across the market than was experienced in previous months. This was due partly to the opening of arbitrage windows again for longer haul crude shipments, such as from West Africa to Asia and the US. Weather-related issues also reared their head, with Bosporus delays pushing rates up for some of the European markets. Tropical storms in the Gulf of Mexico also caused the shut in of exports from some east coast Mexican ports.
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