Understanding the Market | COSCO SHIPPING Energy rose nearly 5% as VLCC freight rates have recently surged, and the oil shipping supply-demand pattern is expected to continue improving

COSCO SHIPPING Energy's stock price rose nearly 5%, up 4.92% as of the time of writing, at HKD 9.59, with a trading volume of HKD 319 million. Recently, VLCC freight rates have surged, with the Clarksons VLCC-TCE index reaching USD 78,000, an increase of 39% week-on-week. Analysts believe that oil shipping demand is influenced by increased crude oil production and sanctions from Europe and the United States, and the supply-demand pattern is expected to continue improving. It is anticipated that tanker freight rates will further rebound, with each increase of USD 10,000/day in VLCC-TCE bringing a marginal benefit of HKD 952 million to the company, and investors are advised to pay attention