02 Feb 2026

01:29

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Home Blog Oil Tanker Rates Soar to Nearly Three-Year High

Oil Tanker Rates Soar to Nearly Three-Year High

codarx

codarx

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Update date: 2025/09/18

The rates for chartering supertankers have surged to a nearly three-year high this month as more crude is moving out of the Middle East and the U.S. to Asia, Reuters reports, citing sources in the shipping industry and data from LSEG.  As OPEC+ continues to raise production, shipments out of the world’s key exporting region, the Middle East, are on the rise. Additionally, Saudi Arabia has slashed the prices of its crude loading for Asia next month, further incentivizing crude flows to the top oil-importing region.  The tanker fleet…

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