Tankers: Atlantic Crude Supply on the Rise
The Atlantic crude tanker market has seen increased supply boost over the past few months, a trend which could be set to continue. In its latest weekly report, shipbroker Gibson said that “Brazilian crude production has been posting strong performance in recent months as the key Latin American producer is expected to see crude output this year increase by 380kbd to 3.5mbd and a further 300kbd in 2024 to reach 3.8mbd. Crude exports have also been growing, with Q3-23 averaging 1.8mbd according to the latest IEA data helping to boost ...
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