Annual research forecasts suggest a significant increase in US crude production next year, which bodes well for tanker owners.
With US producers set to increase overseas sales to Europe and Asia as export infrastructure develops, shipping players suggest all crude tanker sizes are well placed for a windfall.
“Higher production [equals] higher exports,” Alphatanker said in a weekly note. “The lion’s share of incremental US crude production will be exported if it is not to end up in storage.”
