Tighter fleet capacity, geopolitical issues, longer voyages to boost 2024 tanker freight

Tightening fleet capacity, lingering geopolitical conflicts and robust US crude exports are expected to boost tanker freight in 2024 despite ongoing OPEC+ supply cuts and a possible slowdown in oil demand growth, market participants and analysts said Jan. 8. A flurry of violent attacks on ships in the Red Sea is expected to keep the …

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