The Tanker Market Report dated 19.01.2024 discusses the unexpected growth in US crude production in 2023, surpassing initial projections. The surge was fueled by smaller, privately financed companies, while larger public companies exercised caution. Increased production led to higher crude exports, with Europe receiving a significant share. However, prospects indicate a slowdown in growth rates for US crude production, impacting crude tanker trade, reports Gibson.
Beating expectationsBack in...
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