US EditionUS Oil Shipments Via Panama Canal Near 4-Year High
8 Articles
8 Articles
The ships are piled up on the Panama Canal. The shipping company of an LNG freighter now paid a million euros in order to be allowed to line up in front of the queue. Now the authority has to defend itself against a rumor.
Oil Tankers Hauling US Crude Via Panama Approaching a 4-Year High - Energy News Beat
As a record armada of crude oil tankers steams toward the U.S. Gulf Coast to load American barrels—171 vessels en route in April 2026, with 28 VLCCs already fixed for May loadings alone—another surge is unfolding downstream. U.S. crude cargoes transiting the Panama Canal are now exceeding 200,000 barrels per day (bpd) in the first half of April, approaching a four-year high last seen in July 2022. This outbound flow directly ties into the inboun…
Millions of payments can help to get through faster if there is a big rush. Image: APThe Iran war and its impact on trade routes are currently causing an increasing rush on the Panama Canal. Many Asian countries, which normally source their crude oil, gas and other raw materials via the Persian Gulf, are increasingly turning to the US as an alternative source of supply. As a result, the waiting time at the entrance to the Panama Canal is current…
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