Tariffs and sanctions lead to an increase in tanker demand
The tanker market has experienced significant momentum, with an average revenue increase of 11% from one week to the next. The Suezmax segment saw a 23% rise, reaching a nine-month high. Additionally, product tankers have experienced a notable revenue boost, further highlighting the market's strength. This upward trend reflects the broader impact of ongoing trade disruptions, including tariffs and sanctions, which continue to affect tanker demand.
Gas and oil production in the United States is about to reach a record level
Looking ahead, the latest EIA short-term energy outlook report, released on Tuesday, forecasts a record production of crude oil and natural gas in the United States by 2025. Crude oil production is expected to average 13.61 million barrels per day in 2025, rising to 13.76 million barrels per day in 2026, compared to an estimated 13.22 million barrels per day in 2024. The demand for natural gas and electricity is also projected to reach new heights, further strengthening a robust energy outlook.
Source: EIA, Clarksons