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Product Tankers Average Over $40k for 14-Weeks

OIL PRODUCTS

CHART: Product tanker average earnings exceed $40,000 for 14 weeks – Source: Bloomberg using Clarkson’s data

  • Product tankers have earned more than $40,000 a day for the past 14 weeks, a feat not achieved in data that began at the start of 1997.
  • Despite oil prices slipping back, tankers are benefitting from a tight oil products market after the Ukraine invasion.
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CHART: Product tanker average earnings exceed $40,000 for 14 weeks – Source: Bloomberg using Clarkson’s data

  • Product tankers have earned more than $40,000 a day for the past 14 weeks, a feat not achieved in data that began at the start of 1997.
  • Despite oil prices slipping back, tankers are benefitting from a tight oil products market after the Ukraine invasion.