Oil Tanker Rates Skyrocket 467%

Market Intelligence Analysis

AI-Powered
Why This Matters

Oil tanker rates have skyrocketed by 467% due to a tightening market, with supertankers making longer trips and empty maiden voyages, driven by increased crude supply from OPEC+ and the Americas.

Market Impact

Market impact analysis based on bullish sentiment with 78% confidence.

Sentiment
Bullish
AI Confidence
78%

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

The supertanker market has tightened this year as crude supply from OPEC+ and the Americas rises and vessels make increasingly longer trips. So much has the market tightened that several new-built very large crude carriers (VLCC) have made empty maiden voyages from yards in Asia to pick supply from producing countries in the Middle East, the Americas, and Africa, instead of loading fuels made in Asia on their first journey. As many as six VLCC, or supertankers as they are commonly known, have traveled this year empty on their maiden voyages,…

Continue Reading
Full article on OilPrice.com
Read Full Article
Original article published by OilPrice.com on December 11, 2025.
Analysis and insights provided by AnalystMarkets AI.