Tariffs and sanctions causing tanker demand to surge

The tanker market gained strong momentum, with average earnings rising 11% week-on-week. The Suezmax segment increased with a 23% surge, reaching a nine-month high. Additionally, product tankers saw a notable rise in earnings, further highlighting the market’s strength. This uptrend reflects the broader impact of ongoing trade disruptions, including tariffs and sanctions, which continue to influence tanker demand.

US Gas and oil production is set to hit an all-time high.
Looking ahead, the EIA’s latest Short-Term Energy Outlook, released Tuesday, projects record-breaking US crude oil and natural gas production in 2025. Crude output is expected to average 13.61 mbpd in 2025, rising to 13.76 mbpd in 2026, up from an estimated 13.22 mbpd in 2024. Demand for natural gas and electricity is also forecasted to reach new highs, reinforcing a strong energy outlook.