Spot market demand for supertankers carrying Middle East crude oil surged to a record high of 137 fixtures in November, representing 9.13 million barrels of oil per day, traders said on Monday.
The unprecedented activity in the spot tanker market is not driven by any significant increase in OPEC production, but by oil companies looking to take advantage of rock bottom freight rates in an oversupplied market.
� I Media LLC 2011 Source: http://www.albawaba.com/demand-mideast-oil-tankers-hits-record-400978
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