Oil tanker rates to remain high through 2026
after close1 source ↓written by the desknot a recommendation
- for very large
- $130,000 per day
The cost of shipping oil is projected to stay elevated, reaching $130,000 per day for very large crude carriers (VLCCs) in early 2026. This surge is driven by high demand from OPEC and sanctions affecting vessels linked to Iran, Russia, and Venezuela. However, rates may stabilize later in the year due to an aging fleet and disrupted shipping routes.
Not investment advice. For informational purposes only.