About 1.4 billion barrels of crude oil are currently being shipped on tankers, the highest level since records began in 2016, according to Vortexa Ltd. Over the past 10 weeks, offshore crude oil transportation has continued to rise. This is the longest continuous increase since the data was first published. The reason behind this is that countries outside OPEC+ and the oil-producing group continue to expand production.

About 1.4 billion barrels of crude oil are currently being shipped on tankers, the highest level since records began in 2016, according to Vortexa Ltd. Over the past 10 weeks, offshore crude oil transportation has continued to rise. This is the longest continuous increase since the data was first published. The reason behind this is that countries outside OPEC+ and the oil-producing group continue to expand production.