With longer-haul voyages and the 'dark fleet' growing, tight freight availability is pushing shipping rates to fresh highs. What does strong shipping market mean for the crude competing to replace Russian flows?

S&P Global Commodity Insights reporters George Papageorgiou, Sam Angell, and George Delaney discuss with Joel Hanley the spike in rates and the effect on oil from the Mediterranean and Africa.

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Soaring tanker freight depresses FOB differentials for Med, West African crudes

FEATURE: Growing maritime risks as shadow tanker fleet expands to cover Russian trades

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AAGXN00 - Qua Iboe FOB Nigeria vs WAF Dtd Strip

AAGXJ00 - Urals Rotterdam vs Med Dtd Strip

TDACS00 - West Africa-UKC 260kt $/mt

TDACR00 - West Africa-UKC 130kt $/mt

TDABL00 - Ceyhan-Med 80kt $/mt

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