Rates from the Middle East are being partly supported by fewer older vessels that would otherwise discount charter rates due to age and plenty of cargoes from West Africa, brokers said.
Its oil exports rose to 7.6 million bpd in 2016 from 7.1 million bpd in 2015.
- Rice prices in the world's top three exporters of the staple fell this week on weak demand, traders said.
The price of OPEC's basket of fourteen crudes stood at US$47.04 a barrel on Wedn.
Spot gold was down 0.02% at $1,223.37 an ounce
Saudi Aramco has cut the August price for its Arab Light grade for Asian customers by $0.20 a barrel.
Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell 11.8 percent year on year.
The lowest offer at a purchase tender held by Egypt's state grain buyer GASC was $197.97 per tonne free-on-board for 55,000 tonnes of Russian wheat.
Japan's imports of Saudi crude between January and June reached 1.3 million bpd
The price of OPEC's basket of fourteen crudes stood at US$47.57 a barrel on Tues.